Charter & Fractional
Newsmakers 2009: Frax founder Santulli ejects from NetJets
Individually last year there was no taller toppling in business aviation than that of NetJets founder and chairman Richard Santulli, who on August 4

Individually last year there was no taller toppling in business aviation than that of NetJets founder and chairman Richard Santulli, who on August 4
announced his resignation from the fractional company he had been building since he acquired Executive Jet Aviation in 1984.

The kid from Brooklyn who had taken his first airplane ride at the age of 21 (en route to his honeymoon in Puerto Rico), and whose goal in life then was to make the lofty sum of $25,000 a year, eventually sold his company to Warren Buffett for $725 million in 1998–and kept his job running the show.