In adopting a zero-tolerance policy toward suspected corporate excess, policymakers have been demonizing companies for legitimate travel to meetings and events and for rewarding high-performing employees with travel. Handicapping businesses to score political points is shortsighted and erects barriers to recovery.
This type of travel helps companies build relationships, retain and develop employee talent, generate ideas and facilitate knowledge sharing that drives business growth. In a weak economy, doesn’t every company in America need more opportunities to promote recovery and plan for better days?
Trips have also been mischaracterized as CEO junkets. But attendees of incentive program travel, for example, are typically middle-class Americans who have earned travel to reward exceptional work.
Members of Congress who attack corporate meetings and events, yet attend their own yearly retreats should remember that good public policy addresses reality, not rhetoric.
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