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April 16, 2010
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Who Cares About The Retail Slump When You Have The Company Jet?

It looks like Abercrombie are not worried about their dramatic dip in retail sales recently and the effects of the current economy. According to reports, the company's CEO Mike Jeffries cost them $1.1 million on personal travel in one year alone through his use of the company's private plane. The figure represents his expenditure for 2008 and his 2009 expenses are yet to be revealed. But things are all about to change. The company are restricting his use of the jet to a sum of $200,000 but just to soften the blow, they have agreed to pay him a lump sum of $4 million.

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