Clive Jackson didn’t set out to change the private jet industry as an aviation executive. Three-and-a-half years ago, he was just a passenger searching for an alternative way to reach his second home in Spain, after the airline he flies decided to cancel the route from London. Speaking to fellow passengers, the idea of chartering a private jet came to mind. But it was in researching for flights that he saw how broken this sector is: a system that requires dealing with multiple middleman brokers to request quotes, and never knowing exactly what the real price is. So with a handful of initial members and friends-and-family investments, Jackson launched Victor, an on-demand service and app for booking private jets almost as easily as hailing an Uber cab.“I started the business out of pure frustration as a consumer, thinking there’s a lot of awful wrong with charting private jets,” Jackson says. “If I could fix it, what would it look like? So I got … [Read more...] about Like Uber for private jets, Victor makes the old way to book look like coach
Executive jet management
Now that both the country and the world are in dire economic straits, attention has recently been drawn to the -- in some cases -- outsized amount of CEO compensation, especially in the cases of companies that have benefited from a U.S. government bailout.The current economic morass notwithstanding, stockholders and special interest groups have roundly criticized executive compensation during the last 10 years or so. One, then, is forced to wonder where all of this is heading under a Barack Obama administration.Before prognosticating the landscape for executive compensation during an Obama administration, let's take a look at how such compensation should be determined.A well-run public company invariably has a compensation committee of its board of directors. That committee usually meets at least annually and in some cases more frequently. The task of that committee is to set executive compensation based upon achieved positive results and goals.By actually specifying what goals must be … [Read more...] about INSIGHTS Executive Compensation in an Obama Administration
While most of the tech world was busy watching the U.S. eastern seaboard get slammed by Hurricane Sandy on Tuesday, Apple issued a terse statement outlining changes in its executive leadership. The biggest points? Scott Forstall, the head of Apple’s iOS development efforts, is being shown the door; he’ll leave the company next year, and will serve as an “adviser” in the interim. Apple also jettisoned recently-hired retail chief John Browett after a series of missteps including layoffs at Apple’s retail stores. Apple CEO Tim Cook will handle Apple’s retail operations until they find a new chief.However, Apple’s shakeup is about more than shifting a couple of chairs around the table: It also implies a great deal about Apple’s strategy going forward, and how Apple believes it needs to continue to develop its products.Who’s Scott Forstall?For the last few years, Scott Forstall has been a bit of a celebrity in Cupertino. As Apple’s … [Read more...] about What does Apple’s executive shakeup mean for future products?
Last month, the Federal Aviation Administration put its stamp of approval on Apple’s iPad for in-cockpit use by pilots with the charter airline service Executive Jet Management. It is a significant step, offering pilots the option of using the tablet’s touchscreen interface for pre- and in-flight course charting, a task that has relied upon paper maps since the dawn of air travel.The Executive Jet Management approval now opens the door for larger commercial airlines to pursue putting the iPad into cockpits, an FAA spokesman told Bloomberg. Such a shift in the air carrier industry would fall in line with Apple’s larger plans for the device, positioning it as a tool for business as well as consumers.Electronic flight planning solutions are nothing new in commercial airline cockpits; the FAA started approving specialized paper chart-replacing computers for in-flight use almost a decade ago. However, these devices are much heavier and more cumbersome to use than an iPad … [Read more...] about Delta Air Lines, Alaska Airlines push for iPads as in-cockpit flight aids
The average compensation for an S&P 500 company's CEO was US$14.2 million in 2007, according to the AFL-CIO's 2007 Trends in CEO Pay survey. Some CEOs are even compensated multiple times that amount.This raises the question: When is executive compensation too high? One might also ask: Are directors doing a disservice to a company and putting themselves at risk by approving unreasonable compensation? The following are five tools used for setting executive compensation:A prudent board of directors will set a comparatively low base salary for its CEO. It wants the chief executive to be "hungry" to earn additional wages. The logic is that if the base salary is set too high, the executive might feel too comfortable in his job and might not be as focused on profits as he might otherwise be.Setting the base salary, then, is a rather tricky gambit for the board. The challenge is to set a base salary high enough to attract a competent executive. On the other hand, some executives have the … [Read more...] about OPINION Executive Compensation: Is It Too High?
Alaska Airlines is officially the first domestic air carrier to replace flight manuals with Apple‘s ever-popular iPad tablet, a press release reveals. It’s not the wholesale changeover that the aviation industry has been inching toward, as the release also states that the airline is at this point still “exploring” the possibility of replacing paper charts with a tablet app. It’s a big first step regardless, though not an unexpected one.Alaska Airlines, along with Delta Air Lines, have been testing in-flight tablet use to cut down on the paper consumption that results from the more traditional methods. That information came to light in March, shortly after the Federal Aviation Administration approved the iPad for in-cockpit use by pilots with Executive Jet Management, a charter airline service. Computerized chart replacements aren’t anything new in aviation, though the iPad is considerably lighter and more efficient in a number of ways that the … [Read more...] about Alaska Airlines becomes first major U.S. airline to receive in-cockpit iPad approval
The next time you grumble about the digitization of our physical media world, just remember that every step away from the analog probably means at least a few trees are being saved. Considering how often we fly, this latest news could save a whole forest. Charter airline service Executive Jet Management has gotten the go-ahead from the Federal Aviation Administration to have its pilots use the Jeppesen Mobile TC App for iPad instead of paper charts for flights.Jeppesen is the company that makes the “Jepp charts” used by pilots for pre- and in-flight planning and navigation. The company’s press release that the FAA authorization allows for the iPad app to be used as a “sole reference for electronic charts, even during taxi, takeoff and landing. The federal seal of approval comes after a three-month in-flight evaluation of the Jeppesen appPilots who tested the app reported back with positive stories to tell about how easy the app is to manage, read and use. The … [Read more...] about Apple’s iPad FAA certified, will help us fly the friendly skies
Two books came out last week: Idea Man, about (and by) Paul Allen; and The Steve Jobs Way, about (but not by) Steve Jobs. These books reveal differences in the approaches the two men took to achieving their goals, showcasing why Apple is so successful and why other companies just can't make the grade.I think by looking at these two men, we can gain insights on a lot of things: why Apple may not be successful after Jobs departs; the problems brewing at Google; the difficulties Microsoft has had competing in the consumer electronics space; RIM's likely PlayBook failure; and HP's CE issues.There is a sharp contrast between what Jobs does and what everyone else does. These two men likely are one of the best examples of polar opposites, given that Microsoft would have failed had Paul Allen stayed, and Apple nearly failed because Steve Jobs left. I'll explore that this week.My product of the week is The Atrocity Archives book series, which places -- I kid you not -- a programmer as the … [Read more...] about OPINION Executing on Ideas and Other Magic Acts
E-Commerce buzz words sound great in theory, but innovation often founders on the shoals of "getting there from here" as IT managers slog through the details of converting to new systems and programs.There has been a significant of amount of buzz at the federal level as agencies have been turning to shared services, data consolidation, commodity IT and, especially, the cloud. Directives to reform IT have been flying out of the Office of Management and Budget (OMB) at regular intervals for the past 18 months.Vendors offering improved email systems, virtualization capabilities, search services, server conversion and cloud computing envision solid marketing opportunities at federal agencies for the next several years, as the government upgrades its IT portfolio.A key aspect for implementing change is acquiring the tools that bring change about. One of those tools is Application Performance Management (APM), according to Compuware, which maintains that federal agencies will benefit from … [Read more...] about GOVERNMENT IT REPORT Federal IT Managers Get New Tools for Hammering Out Innovations
Iran's defense minister is going to be ticked off at the Photoshop minister.A photo of Iran's Qahar 313 stealth fighter is bunk -- just like the last one, according to The Atlantic Wire.After being called out for its fake stealth fighter pic last week, Iran went all in and released a new, updated photo of the jet soaring over Mount Damavand, the highest peak in Iran.Alas, the image of the mountain reportedly matches an image available not from the Iranian Air Force, but from PickyWallpapers.com, a stock image site.President Mahmoud Ahmadinejad described the jetas "among the most advanced fighter jets in the world," according to The Age.Iran was called out in 2008 for photoshopping an image of missiles.The Canadian government will not move forward with the Protecting Children from Internet Predators Act, according to The Register.The proposal would have enabled national security and law enforcement to force Internet service providers to divulge subscriber info.Numerous Canadian groups … [Read more...] about TECH TREK Iran Double-Exposed for Stealth Jet Photoshopping