The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared

One of the flashiest government perks has roared again because the onset of the pandemic: free private journey on the corporate jet.

Companies within the S&P 500 spent $65 million for executives to make use of company jets for private journey in 2022, up about 50% from prepandemic ranges three years earlier, a Wall Street Journal evaluation discovered. Early indicators recommend the development continued final yr.