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Leucadia's personal use of jet


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http://online.wsj.com/article/SB10001424052748703551304576260871791710428.html

 

Leucadia has 4 jets and personal use by the executives is excessive according to this WSJ article.

 

In 2009, Leucadia National Corp., a New York City-based conglomerate, reported less than $30,000 on personal flying for Chairman Ian Cumming. FAA records show Leucadia's four jets that year spent 220 hours flying to or from Jackson Hole, Wyo., and New York's Hamptons, both locations where Mr. Cumming owns homes. Those flights alone would have cost $708,000, according to Journal calculations using hourly operating-cost estimates provided by Conklin & de Decker Aviation Information, a consulting firm.

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