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☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

☆ Texas-based oil giant accused of failing to help its Russian workers avoid being conscripted by Putin, report says
▼ + stars: | 2022-10-15 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Schlumberger is passing draft notices on to some of its 9,000 Russian employees, Reuters reported. Some workers have begun receiving draft notices ordering them to join the Russian army, according to a report by the news agency. The BHRRC told Reuters that Roche and Novo Nordisk, two other non-Russian companies, had requested military exemptions for their employees. "The local leadership team is managing an incredibly complex and difficult situation," a Schlumberger spokesperson told Reuters in an emailed statement. The US-based spokesperson added that managers were obliged "to comply with local laws and regulations, especially when failure to do so could create additional risk for our local employees."

☆ Equifax fired at least two dozen employees after it used its own tool to suss out if workers had a second job
▼ + stars: | 2022-10-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Four of the big six US banks (JPMorgan, Morgan Stanley, Citigroup, and Wells Fargo) all report their Q3 earnings today. Our friends over at Markets Insider will have the immediate reaction to all the revenue numbers as they're posted. That's clearly the message at Equifax, which fired at least 24 workers for secretly having second jobs, Insider reported Thursday. "I'm not sure how Equifax can be trusted with data when it uses it to spy on its own employees," an Equifax employee told Insider. Read our full story on how Equifax used its own tool to figure out if employees were working second jobs.

☆ UBS gives long-term buys for the transportation revolution from self-driving cars to sky taxis
▼ + stars: | 2022-10-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Transportation could undergo a significant transformation in the coming decades, and that could create upside for some well-known stocks, according to UBS. Those opportunities include high-speed rail, electric vehicles, sky taxis, self-driving cars and so-called "last-mile" solutions for shorter transport. "The technology is still a work in progress, but most governments are supportive of innovation and the benefits that come with SDVs, though they impose strict testing requirements," the UBS note said. Smaller vehicles, like electric scooters and motorcycles, are also seen as a growing category. Indian and Japanese companies like Suzuki are expected to outperform for motorcycles and other smaller vehicles, but UBS does list Polaris as a buy.

☆ Florida's wealthy residents have been chartering private jets to hurry away from the state in the days before Hurricane Ian
▼ + stars: | 2022-09-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

People have hopped on private jets to escape Hurricane Ian, Bloomberg reported. A private jet operator said requests for flights out of Florida grew in the run-up to the storm. Airports that have stopped commercial operations include Orlando, Naples, Tampa, Jacksonville, and Fort Meyers. The company has a private terminal in Naples on Florida's southwest coast — one of the main areas being battered by the storm. Airports that have stopped commercial operations over the past two days include ones in Orlando, Naples, Tampa, Jacksonville, and Fort Meyers.

☆ The number of Russians fleeing the country to evade Putin's draft is bigger than the original invasion force, UK intel says
▼ + stars: | 2022-09-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

The UK's MOD said the number of fleeing Russians likely exceeds Putin's original invasion force. "Whilst exact numbers are unclear, it likely exceeds the size of the total invasion force Russia fielded in February 2022." According to the Associated Press, as of Wednesday at least 194,000 Russians have fled to Georgia, Kazakhstan and Finland alone. Those conservative estimates already exceed what the US had estimated to be the 190,000-strong invasion force that massed at Ukraine's border just prior to the invasion. The UK's MOD noted on Thursday that "the better off and well educated are over-represented amongst those attempting to leave Russia."

☆ Russia's neighbor considers asylum for draft dodgers who can prove they were conscripted, but not young men afraid of being called up
▼ + stars: | 2022-09-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Russia's European neighbors say they will not take in Russians fleeing mobilization. But Latvia has told Insider it will consider giving asylum to men who can prove they've been drafted. Russia's European neighbors have largely rejected the idea that they would let in Russians fleeing out of fear that they will be sent to Ukraine. Pabriks echoed the reasoning given by Russia's other neighbors for not taking in fleeing Russians. Latvia's foreign ministry took a more cautious tone on Russians fleeing mobilization.

☆ Russians are paying up to $27,000 to escape the country on private jets after Putin's partial mobilization, report says
▼ + stars: | 2022-09-27 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Putin announced a partial mobilization last week, meaning more Russian troops going to Ukraine. Some are paying up to $27,000 to escape on private jets, The Guardian reported. Companies that offer private jet flights have reported a sharp increase in requests for one-way flights out of Russia, according to The Guardian. Many European countries say they will not allow Russians fleeing mobilization to enter, and many had already blocked Russian tourists. "All the European private jet firms have left the market.

☆ Russians are calling up the Ukrainian Ministry of Defense asking how to surrender, Ukraine says
▼ + stars: | 2022-09-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A hotline set up to allow Russian soldiers to surrender is already getting calls, Ukraine claims. Andrii Yusov, spokesperson for the department, said during a televised briefing on Monday that there had been a strong response to the "I Want to Live" hotline, according to Ukrainian newspaper Ukrainska Pravda. The hotline was announced by Ukraine's Ministry of Defense on September 19, two days before Russian President Vladimir Putin announced the mobilization of reservists to the battlefield. Putin had earlier promised that he would not take this step, which brings the reality of the war to Russians accustomed to civilian life. The hotline echoes Ukrainian President Volodymyr Zelenskyy's assurances that surrendered soldiers will be treated according to international humanitarian law.

☆ Microsoft's former VP of HR shares the types of employees who are most likely to be laid off
▼ + stars: | 2022-09-26 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Compassionate Eye Foundation/Martin Barraud/OJO Images Ltd / Getty Images1. Who's most at risk during layoffs? Contract workers: At the highest risk are contract employees, which companies use for this very contingency. They want to remain flexible in case of a downturn, and as such, contract employees are usually the first ones out. Special interest groups representing Big Tech companies oppose possible crypto regulation in California. Cryptocurrency companies may soon be required to get a license to operate in the state, and industry groups representing Amazon, Apple, Meta, and other tech companies wrote to the state assembly opposing the law.

On the agenda today:But first: This week, Insider launched its inaugural Climate Action 30, a prestigious list of leaders working toward climate solutions. Lily Katzman, an associate editor on our Special Projects team, gives us a behind-the-scenes look at the project. InsiderWhen we say climate heroes, the usual suspects — think Greta Thunberg and Al Gore — come to mind. That's where Insider's Climate Action 30 comes into play. ReutersDavid Solomon, Goldman Sachs' CEO, moonlights as an electronic-music DJ, playing high-profile gigs like the Lollapalooza music festival and Tomorrowland, a Belgian music festival.

☆ Man sets himself on fire on London tennis court where Roger Federer is set to play his last match
▼ + stars: | 2022-09-23 | by ( Minyvonne Burke | ) www.nbcnews.com time to read: +1 min

A man set his arm on fire on the court Friday during a tennis tournament in London to protest the use of private jets in Britain. Stefanos Tsitsipas of Greece was playing Diego Schwartzman of Argentina in a Laver Cup match at the O2 Arena when the unidentified man stormed the court while wearing a T-shirt that read "End UK Private Jets." He was carried off the court by three security guards before the game resumed, cellphone video showed. "A man accessed the court this afternoon and was promptly removed by security," an official with Laver Cup said. A man sets himself on fire during a protest at the Laver Cup tennis tournament at the O2 in London on Sept. 23, 2022.

☆ 20-year-old who tracks Elon Musk and Mark Zuckerberg's private jets says Facebook took down his page because it violates their policy
▼ + stars: | 2022-09-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Jack Sweeney said Facebook shut down his page that tracks Elon Musk's jets. "Really @Facebook," Sweeney tweeted. The billionaire told Sweeney he was concerned for his safety and didn't "love the idea of being shot by a nutcase." Sweeney previously told Insider that he countered Musk's offer, asking for $50,000 instead, but Musk declined. Earlier this year, he told Insider he stopped tracking Mark Cuban's jets on Twitter after the billionaire investor reached out and offered him business advice in exchange.

☆ Laver Cup match briefly halted after protester sets arm on fire on court
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

The man, protesting about the use of private jets in Britain, sat down and lit a substance on his arm during the match between Stefanos Tsitsipas and Diego Schwartzman. Security personnel acted quickly to drag the man off the court before play resumed following a quick check to make sure the court surface had not been damaged. Register now for FREE unlimited access to Reuters.com Register"A man accessed the court this afternoon and was promptly removed by security," a Laver Cup official said. The man, who made his protest during the second set of the match, wore a T-shirt with the slogan "End UK Private Jets". read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Martyn Herman in London and Shrivathsa Sridhar in Bengaluru, editing by Pritha Sarkar and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ I'm a 23-year-old who's saved more than $107,000 by waitressing and bartending in Nantucket and Aspen. Here's what it's like being a seasonal worker.
▼ + stars: | 2022-03-02 | by ( Lauryn Haas | ) www.businessinsider.com time to read: +15 min

Sam Madden, 23, has worked as a nanny, waitress, and bartender in Nantucket and Aspen for six years. I had some money saved to pay for rent because I'd worked at McDonald's and Olive Garden throughout high school. In the main house, there were a bunch of college guys and girls who all worked at the Nantucket Yacht Club, and I thought that their summer looked like so much fun. My manager saw that I had bartending on my résumé from the yacht club and asked if I wanted to start bartending. She lived with a manager of a restaurant called Cru, which is kind of the "It" restaurant on the island.

☆ The wealthy are buying yachts and jets in record numbers, and they're doing it without having to put much cash down. Here is how it works.
▼ + stars: | 2022-01-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

The wealthy have been buying up yachts and jets without having to put much cash down. Borrowing against yachts or jets at the point of purchase — or shortly after — means customers can put up little to no cash to close the deals. Depending on the desirability of the asset, banks extend loans from half to nearly 100% of its value. Another benefit of lending against yachts and jets is that clients can still enjoy them during the loan. At Bank of America, 80% of its yacht-backed loans are for existing private bank clients, according to Verbit.

☆ Luxury resort quarantines — Gen Z's 'old money' aesthetic — Infinity-pool shortage
▼ + stars: | 2021-10-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

The wealthy have figured out a way to bypass the United States' travel ban: by quarantining at luxury resorts in the Caribbean and Mexico. The CWGen Z and millennials are bringing back an "old money" aesthetic — think country clubs, dinner parties, polo, and yachts. On Wednesdays she has "CEO days," where she focuses on the big picture — business planning and creating ideas. Courtesy of Neave GroupThere's a luxury pool shortage. We spoke to seven luxury pool designers, who described the unprecedented demand.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

☆ The 8 best 'personal' private jets that only require one pilot to fly
▼ + stars: | 2020-06-21 | by ( Taylor Rains | Thomas Pallini | ) www.businessinsider.com time to read: +11 min

Personal private jets are intended to be flown by one pilot and are ideal for business, leisure, or both. aviation-images.com/Universal Images Group via GettyCessna has long been the leader in single-pilot jet aircraft, with multiple models in its popular Citation line-up built with solo operations in mind. The light jet aircraft have dominated the skies since the 1970s with Cessna continuing production of new models nearly five decades later. Three variants of the product line are in existence, the HondaJet, HondaJet Elite, the HondaJet Elite S, and the HondaJet Elite II. David Slotnick/Business InsiderThe Pilatus PC-24 capitalizes on the success of the highly versatile PC-12 turboprop, another single-pilot aircraft, but adds on the speed of a jet aircraft.

☆ See inside the world's largest private jet: a Boeing 747 with an interior so large it took 4 years to design and build
▼ + stars: | 2020-03-29 | by ( Thomas Pallini | ) www.businessinsider.com time to read: +2 min

Cabinet Alberto Pinto is the design firm behind the interior of one of the world's largest private jets, a Boeing Business Jet 747-8i. Based on Boeing's commercial passenger aircraft, the Boeing Business Jet product line consists of VIP-configured variants of existing aircraft. Each Boeing aircraft currently in production has its own BBJ variant from the smallest Boeing 737 to the largest 747. Famed French interior design firm Cabinet Alberto Pinto was tasked with creating the interior of one BBJ 747-8i, purchased for private use by a Middle Eastern businessman. Take a look inside the BBJ 747-8i, the largest aircraft project taken on by the firm.

Persons: Alberto Pinto, Merkel Organizations: Boeing Business Jet, 8i, Visit, Service, Boeing, United, US Air Force, Air Force, The Air Force, Boeing Business Jets Locations: Eastern, Wall, Silicon, timezones, Qatar, Kuwait, Turkey, United Arab Emirates, Trump, Americas, United States

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

Persons: John Travolta, He'd, " Gotti, John Gotti, Travolta, Ted Farnsworth, Mitch Lowe, who'd, he'd, Farnsworth, Lowe, Gotti, Dave Kotinsky, Samantha Lee, Stacy Spikes, Spikes, Spikes wasn't, MoviePass, —, Ava DuVernay, Malcolm D, Lee, Hulu, Hamet Watt, Chance Yeh, He's balding, He's, Ted I, La Toya Jackson, couldn't, Matheson, Watt, Helios, Mitch, Ted, MoviePass swag, Dennis Rodman, Jerry Media, hite, Boi, ann u, abi l, tim e, red tha, ord, ul, hal, ove, flo, ann o, bec, lon, Jen, liv, dre Organizations: HBO, Manhattan's SVA, Helios, Matheson Analytics, Netflix, Matheson, MoviePass, SEC, Sony, Miramax, Loews Cineplex, Spotify, Pandora, AOL, True Ventures, Business, Ventures, AMC, Federal Communications Commission, Matheson's, Reuters, Hulu, Coachella Valley Music, Arts Festival, Jerry, acc, pla Locations: Manhattan's, MoviePass, Houston , Texas, San Francisco, America, New York, Florida, India, New, Palm Springs , California, Coachella, fes, ord, pla, Mo

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