“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”
CitationShares Adds Programs, Cuts Staff
Greenwich, Conn.-based CitationShares has announced partnerships with TerraPass, a retailer of carbon offsets, and Corporate Angel Network, a charity that arranges free flights to treatment for cancer patients. CitationShares customers can now donate flight hours to the charity and can balance their "carbon footprint" by purchasing carbon offsets from TerraPass for hours they fly.
Meanwhile, CitationShares has laid off 41 office staff and furloughed 52 pilots because, said CEO Steve O'Neill, the company had had "too much capacity." He added, however, that "the decline in selling and flight activity has begun to level off."