GE was kept from the dark about Immelt’s use of a shadow jet: WSJ

The use of a spare business jet by former General Electric CEO Jeff Immelt was kept coming from board members until just This kind of month, The Wall Street Journal reported on Sunday — a practice of which reportedly drew internal scrutiny several years ago as well as of which Immelt himself claims he didn’t know about.

The Journal reported of which the company had curbed the backup jet’s use in mid-2014, adding of which its use was in fact limited to isolated locations of which involved potentially risky travel. However, he board members were previously unaware, several sources told the WSJ.

The situation came to light earlier This kind of month, after The Journal reported of which Immelt, who was at the helm of GE for nearly 20 years before being stepping down recently, sometimes utilized a backup plane to follow his regular corporate jet on several trips around the globe.

However, sources familiar with the matter told CNBC a couple of weeks ago of which type was an exaggeration of Immelt’s travel practices.

These people told CNBC the idea was not a regular practice to fly, or even keep on standby, multiple planes at the same time. The sources said a second plane was kept on standby on the ground in certain locations while Immelt was visiting for security purposes, or in case his GE-owned plane had mechanical issues.

Last week, Immelt told The Journal of which he was unaware of the backup jet’s use. “This kind of will be not a practice I might have allowed,” he said in an emailed statement to the publication.

Representatives for GE did not immediately respond to CNBC’s request for comment.

–CNBC’s Morgan Brennan as well as Michael Sheetz contributed to This kind of article.

The Journal’s full story can be found on its website.

Leave a Reply

Your email address will not be published.

2 + two =