Where the PGA Tour goes is more important than the Commissioner’s private jet flights

When GE was under siege from shareholders in 2017, it emerged that GE CEO Jeffrey Immelt had traveled the world on a corporate plane, following an empty second plane in case of mechanical or security issues.

Of course, GE at the time was much larger than its $74.2 billion valuation for 2021, when it owned several subsidiaries that were either sold or turned into separate businesses.

No matter how big General Electric was in the more than 16 years of Immelt’s tenure, no one thought the two-plane scenario was so logical and worth the cost.

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