In 1989, Warren Buffett spent $6.7 million to purchase a corporate jet for Berkshire Hathaway that he named The Indefensible, perhaps being somewhat embarrassed by an expense that nearly any company the size of Berkshire had long justified as essential ...

In today's economic and political climate, few businesses seem less attractive than fractional aviation. Companies are under constant pressure to cut costs particularly in areas that could be perceived as frivolous executive benefits during a deep recession. Executives everywhere have ...