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They sold the corporate jet.

For sale! Cree's corporate jet — under CEO's order

Gregg Lowe, the new CEO of power device manufacturer Cree, made a big move when he came on board – one he says is indicative of the culture shift he’s trying to institute: He put the corporate jet up for sale.

“We don’t use a corporate jet anymore,” he says. “A corporate jet is a symbol of, ‘some people get to use it and some people didn’t get to use it.’”
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