Flying on the company’s dime
An article in HCN Monday about the coach-only travel policy at Tractor Supply led to unanimous support for the coach class cabin for business trips.
“We have never flown first class unless we were bumped up. Never paid for it in 41 years.”
— George A. Pattee
Chairman and CEO
“At Bostwick-Braun, we ALWAYS fly coach.”
— William R. Bollin
Chairman and CEO
The Bostwick-Braun Co.
“My strategies regarding Air travel is not to fly whenever possible. It’s a royal pain.”
— Bruce Currie
“[Corporate travel] should be treated the same as if it were your own funds. Would you spend your money to fly first class? Probably not, so don’t do it with the company’s money either. Never have for more than 40 years of traveling.”
— Paul Siegel
Report: It’s greener to retrofit than rebuild
A report from the Preservation Green Lab finds that it is way more “green” to retrofit an old building than build from ground up.
The report, “The Greenest Building: Quantifying the Environmental Value of Building Reuse,” was produced by Preservation Green Lab of the National Trust for Historic Preservation.
The report finds that: “Building reuse typically offers greater environmental savings than demolition and new construction. It can take between 10 to 80 years for a new energy efficient building to overcome, through efficient operations, the climate change impacts created by its construction.”
The study finds that the majority of building types in different climates will take between 20-30 years to compensate for the initial carbon impacts from construction.
Real homeownership on the decline
A real estate consulting firm claims published data on home-ownership is greatly exaggerated.
John Burns Real Estate Consulting claims the “real” homeownership rate has fallen to 62.1%, the lowest level in about 50 years, according to a bulletin it released Monday.
The U.S. Census Bureau figure of 65.5% is overstated, according to the firm, because it counts all 3.8 million homeowners even though they are more than 90 days delinquent on the mortgage payment.
Usually, the difference between the official and the real rate is about 1%. Factors contributing to the widening of the gap, according to John Burns, include the significant economic downturn; understaffing at banks in the face of a backlog of delinquent mortgages and loan-modifcation procedures; and “clever borrowers, who have figured out how to life for free for months and even years.
The firm expressed confidence that homeownership will rebound, and surveys show the American dream of homeownership is “as strong as ever.”