Google's Top Three Executives Own Eight Jets

By Dino Grandoni | The Atlantic Wire

It's a pretty good sign that your company is doing well if it's top brass owns eight jets between them, as Google's does. "Larry Page, Sergey Brin and Eric Schmidt -- the CEO, co-founder and executive chairman of the Web search giant, respectively -- have, through a company they control, proposed paying the full $33 million cost of revamping the iconic hangar" called Hangar One, in Silicon Valley, reports the San Jose Mercury News. "But there's a catch: They want to use up to two-thirds of the floor space of the hangar to house their fleet of eight private jets."

That's right: Page, Brin, and Schmidt own an average 2.67 jets each, through a cryptically named holding company called H211. NASA's Hangar One, pictured above, will get a major revamping if NASA excepts the deal with H211 after congressional funding for the building as been cut earlier this year. Under the pact, NASA would still own the hangar while the Google trifecta would chip in the $33 million to remove "corrugated metal walls tainted by lead paint, asbestos and PCBs" all while making sure rainwater doesn't release the "toxic materials" in the ground below the hangar while its skin is being remove. All this so the top Googlers have a place to park their planes in a Silicon Valley hangar "wide enough to fit three Titanics side by side," says the Los Angeles Times, marking one of the first time private jets have actually helped the environment. Google: always innovating.

Credit to : http://news.yahoo.com