U.S.-based chief executives flew a lot last year, as corporate spending on private planes hit a 10-year high.
Companies on the S&P 500 spent $41.3 million on private jets for their chief executives last year, according to the Financial Times citing data compiled by ISS Corporate Solutions, an investment advisory firm. It’s a 22% jump in spending from 2021, which was then a 10-year record as well.
Just over 5% of that total was spent by just one company: Meta. The Facebook- and Instagram-owner spent $2.3 million on flights for CEO Mark Zuckerberg, putting it at the biggest spender on private jets among S&P 500 companies.