In defense of the ever-unpopular corporate aircraft: Even frugal Walmart has 20 planes --...

Bloomberg News Joe Nocera The Wall Street Journal has had a jolly good time recently exposing a small example of corporate excess: It seems that during the years Jeff Immelt was the chief executive of General Electric Co., the company often sent a backup plane on his travel in case something happened to the corporate aircraft he was using. The practice was first revealed in mid-October, in a

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