Just like anyone else, CEO's should be allowed to do whatever they want (as long as it is legal).
They just need to understand the implications and appearances when they do stupid actions like taking private jets to DC to ask for bailout funds.
As for the politicos, there are a good number that fly commercially both for personnel and profession use and then again, there are some who fly private jets. Fiscal responsibility and public appearance sometimes take a back seat to luxary and convienence.
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