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Article: NetJets chairman steps down

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The Record (Bergen County, NJ)
Article date:
August 6, 2009
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RICHARD NEWMAN, STAFF WRITER
The Record (Bergen County, NJ)
08-06-2009

NetJets chairman steps down -- Recession has hurt the private aviation service
By RICHARD NEWMAN, STAFF WRITER
Date: 08-06-2009, Thursday
Section: BUSINESS
Biographical: RICHARD SANTULLI

Richard Santulli, chairman and chief executive officer of NetJets Inc., has quit after 25 years with the company he founded.

Santulli, 64, said in a statement released late Tuesday that he is stepping down, effective immediately, to "spend some more time with my young family and pursue other interests."

Warren Buffett's Berkshire Hathaway Inc. acquired NetJets in 1998 for $725 million and Santulli remained at the helm, expanding operations to ...

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