Muskie
05-04-2015, 10:53 AM
Link (http://collegebasketballtalk.nbcsports.com/2015/05/03/louisvilles-rick-pitino-raises-separate-funds-for-charter-jet-use-in-recruiting/)
But this number — and Pitino raising the money himself — is interesting because in a recent story inBloomberg (http://www.bloomberg.com/news/articles/2015-04-23/aramark-ceo-tops-u-s-executives-with-800-000-plane-tab-in-2014), they determined that the average annual cost of perks tied to airplane travel for executives is $272,180 per year. Airplane travel for CEOs increased 22 percent this year, according to the Bloomberg Pay Index.
Seeing that Pitino’s yearly charter jet travel comes close to that average amount, it means major college basketball coaches are on-par with many high-ranking CEOs when it comes to a private charter jet budget.
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Thought the Louisville Journal Courier article was very interesting from a generalized recruiting perspective.
But this number — and Pitino raising the money himself — is interesting because in a recent story inBloomberg (http://www.bloomberg.com/news/articles/2015-04-23/aramark-ceo-tops-u-s-executives-with-800-000-plane-tab-in-2014), they determined that the average annual cost of perks tied to airplane travel for executives is $272,180 per year. Airplane travel for CEOs increased 22 percent this year, according to the Bloomberg Pay Index.
Seeing that Pitino’s yearly charter jet travel comes close to that average amount, it means major college basketball coaches are on-par with many high-ranking CEOs when it comes to a private charter jet budget.
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Thought the Louisville Journal Courier article was very interesting from a generalized recruiting perspective.