Banks were still tight with loans, and executives were not traveling to make deals or look for them.
Last fall, executives of Petrini traveled to the United States to study whether manufacturing there was feasible.
Because executives must travel to where the sessions are held, they are expensive and time consuming.
To keep on top of fashion's constant evolution, the top executives travel the world four or five times a year.
He is still the enfant terrible of entrepreneurs, but the 56-year-old executive is traveling by private jet in his quest for cash.
Some chief executives actually travel free because their companies cover the taxes that the executive incurs, a practice frequently referred to as a tax gross-up.
Other companies have decided that private jets help assure safety from terrorist attack when their executives travel abroad.
Little wonder that Polish executives travel with large satchels of money.
Like most companies, ABB always had a policy against letting key executives travel together.
In addition, if the company's executives traveled to the foreign locale, the local judge could perhaps have them arrested.