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Author: 4me2post Three stars, 500 posts Old School Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
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Subject: Corp Jet Sold
Date: 5/23/2018 11:53 AM
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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.’”

https://www.bizjournals.com/triangle/news/2018/05/22/for-sal...
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Author: anthonyms Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
Number: 41728 of 41740
Subject: Re: Corp Jet Sold
Date: 5/24/2018 12:33 AM
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Didn't even know they had one in the 15 years I held Cree. That can't have helped.
That's so typical of a small under performing company to be operating corporate jets with the delusions of success. They so need private equity to come in and clear house.
A
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