+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Former GE CEO Jeff Immelt used to have an empty private jet fly next to his - just in case there were delays

Oct 19, 2017, 03:25 IST

General Electric chairman and CEO Jeffrey Immelt speaks at the Boston College Chief Executives Club in the Boston Harbor Hotel in Boston, Thursday, March 24, 2016.Michael Dwyer/AP

Advertisement

When Jeff Immelt traveled, he wanted to take no chances of running late.

The former GE CEO used to have an empty private plane follow his own on trips, the Wall Street Journal's Thomas Gryta and Joann S. Lublin report in a story about the new CEO's cost cutting efforts. The extra jet was meant as a spare in case the primary plane suffered mechanical problems.

It's not exactly the most frugal or environmentally-friendly solution, which may be why crew members were told not to openly discuss the two planes, according to the report. They sometimes parked far away from each other to avoid raising eyebrows.

A GE representative confirmed to the WSJ that the jets were used on "limited occasions for business-critical or security purposes."

Advertisement

The news comes as current GEO CEO John Flannery prepares to cut costs, including laying off thousands of employees.

Read the full WSJ report here.

NOW WATCH: This turbine can harvest green energy in water currents as slow as 2 mph

Next Article