1. Alphabet's Chairman Charged the Company $1.9 Million for use of Private Planes Last Year

    Alphabet's Chairman Charged the Company $1.9 Million for use of Private Planes Last Year

    Alphabet's chairman Eric Schmidt charged the company $1.9 million for the use of his private planes in 2016, according to new company filing posted Friday.

    Schmidt fully owns one of the planes used and 33% of another, according to the filing. He then charges the company for their use for his own travel or travel for other company executives. The planes cost $7,500 per hour to operate...

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    1. Our Board of Directors approved this hourly reimbursement rate based upon a competitive analysis of comparable chartered aircraft rates that showed that the reimbursement rate is at or below market rates for the charter of similar aircraft.
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