Correct, and still he did the $45 billion bet, maybe he thought when everybody else is greedy.....
Anyways, curious about the impact on NetJets, because they are going through some tough times is my guess, and they use capital like no other business, the share of cardholders vs owners seem to be greatly out of proportion, so when looking for cash this is easily found in the NetJets business....
So besides the shake out at their commercial department in 09 (who is "voluntarily" leaving first?), I am wondering how the operation will hold out?
Any other views?