Timeshare For Sale In A Corporate Jet

Owning a jet isn't all it's cracked up to be. Just ask Clark A. Johnson, CEO of Pier 1 Imports Inc. The Fort Worth retailer has operations scattered across 42 states. When executives needed to visit sites in Iowa, Minnesota, North Dakota, and South Dakota, they could hit them all in a day in the company's British Aerospace PLC HS 400. But there was always something. On days when the plane went unused, Pier 1 had to pay the company pilots anyway. Johnson had to fly commercial when the chief pilot got sick, or when the jet went in for maintenance. There was the danger shareholders would complain he was living high on the hog. And it was expensive.

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