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GM execs give up some private jets after embarassing hearing.

By Satyam Khanna on November 21, 2008 at 4:15 pm

"GM execs give up some private jets after embarassing hearing."

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Earlier this week, Big Three automaker CEOs were ridiculed by members of Congress for taking private jets to Washington to plea for a federal bailout. Today, ABC reports that GM is putting two of its five corporate jets out of service allegedy “in response to the planes not being used” and not a reaction to the harsh treatment from Congress. Watch Rep. Gary Ackerman (D-NY) criticize the auto execs:

Despite the downsizing, GM CEO Richard Wagoner “will still fly private for all business and personal travel” for “security reasons,” ABC notes.

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