A lot of tech companies are spending a lot of money on things they just don’t need. While it is their right to do what they want, it is safe to say that some of the projects are downright crazy. The latest project out of the Google Inc (NASDAQ:GOOG) camp is one that some people are having a hard time understanding.
Google has decided that it is going to build an airport for the company’s exclusive use. Of course, this is not for all employees of the search engine giant but more for the top executives including but not necessary limited to Sergey Brin, Larry Page and Eric Schmidt.
With so much else going on in the world today, many are wondering why Google Inc (NASDAQ:GOOG) has decided to take on this type of project. Especially since it is expected to set the company back roughly $82 million.
The new airport will be home the airplanes owned by the company and will sit on nearly 30 acres of “converted parking lots at the Mineta San Jose International Airport.”
In a recent Bloomberg West video piece – The Google Guys Get Their Own $82M Airport – senior West Coast correspondent Jon Erlichman takes a closer look at this decision by Google Inc (NASDAQ:GOOG) and what it means for the company.
While the video touches on plenty of interesting points, here is just a brief excerpt:
“Google’s brain trust spends lots of time in the sky, and through a company called Blue City holdings the three executives are often in possession of as many as a dozen planes. Up until now, they parked their fleet at Moffett Field, a nearby NASA research center. But with that lease about to expire, they need a new home.”
Rather than look for more leased space, Google Inc (NASDAQ:GOOG) decided it would not find a new home but instead build its own.
For executives that spend so much time in the sky, this does make sense to a certain degree. The trouble is this: if it is so important why isn’t every company with the company making the same decision?
How do you feel about this decision by Google Inc (NASDAQ:GOOG)? If you want to share your thoughts, you can do so in the comment section below.
You can also view the video in its entirety on the following page: