““Corporate executives should be your core business . . . You need [account executives who are] comfortable with the kind of boardroom leaders that see Learjet as a tool, not a frivolous extravagance for movie stars and their pets.” ”
Berkshire Hathaway: FlightSafety Up, NetJets down
Revenues at FlightSafety International increased last year, but declined at NetJets, according to Berkshire Hathaway, which owns both companies but does
not release earnings figures for these divisions. In the fourth quarter last year, NetJets "experienced a significant reduction in revenue as general economic conditions worsened," Berkshire Hathaway reported. "This resulted in lower customer usage and demand, which negatively affected operating margins."