In this episode, Richard Lummis and I consider the recent revelations which came to light during the tenure of the former Chief Executive Officer, Jeff Immelt, and the saga of GE's ghost jets. Immelt had an empty plane fly behind his jet on corporate trips. This ghost jet tracked Immelt’s jet and was designed to be available if there was a mechanical issue, which presumably could not be fixed sufficiently in time for the CEO’s busy travel schedule. There were several important lessons which every Board of Directors can learn from See more +

In this episode, Richard Lummis and I consider the recent revelations which came to light during the tenure of the former Chief Executive Officer, Jeff Immelt, and the saga of GE's ghost jets. Immelt had an empty plane fly behind his jet on corporate trips. This ghost jet tracked Immelt’s jet and was designed to be available if there was a mechanical issue, which presumably could not be fixed sufficiently in time for the CEO’s busy travel schedule. There were several important lessons which every Board of Directors can learn from these revelations going forward. See less -