Thursday, April 17, 2014   

Billionaire Google founders Page, Brin, and ex-CEO Schmidt saved US$5.3m through improper discounts
(12-12 09:22)

A US government report has determined a fleet of aircraft owned by Google's founders and former chief executive received improper discounts on jet fuel that saved the three billionaires up to US$5.3 million.
The findings released Wednesday by NASA's Inspector General surfaced during a review of a government airfield lease for seven planes and two helicopters controlled by Google's founders, Larry Page and Sergey Brin, and the internet search company's former chief executive, Eric Schmidt.
The aircraft are managed through a company called H211 set up by the Google Inc. executives. H211 has been paying US$1.4 million annually since 2007 to lease hangar space from NASA at a former US Navy base 6.5 kilometers from Google's Mountain View, California, headquarters.
The report said the improper fuel discounts stopped in September.—AP
   
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