In a normal standard company, the argument for buying a private jet is that the value of the time it saved for the person(s) traveling exceeds the costs of flying & maintaining a jet. Wendover Productions did a pretty good video on the topic. [1]
Or (as in this case): the prestige of flying in on a private jet outweighs the fiscal responsibility concerns of anyone in a position to say "no." Same thing with the Maybach.
This is the justification but is true in only the vanishingly rare case of the company whose activities are constrained by the bandwidth of the CEO, like Tesla. In other cases the CEO should be paying for the jet from his post tax income.
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In a normal standard company, the argument for buying a private jet is that the value of the time it saved for the person(s) traveling exceeds the costs of flying & maintaining a jet. Wendover Productions did a pretty good video on the topic. [1]
[1] https://youtu.be/jYPrH4xANpU
Or (as in this case): the prestige of flying in on a private jet outweighs the fiscal responsibility concerns of anyone in a position to say "no." Same thing with the Maybach.
This is the justification but is true in only the vanishingly rare case of the company whose activities are constrained by the bandwidth of the CEO, like Tesla. In other cases the CEO should be paying for the jet from his post tax income.