It’s All in a Hard Day’s Work | newsweek.com
Forget expense account meals and junkets. Companies just want their business travelers to get the job done. For years, first-class travel has been a perk of hotshot executives, who enjoyed the best seats on the plane, the most extravagant hotels and the fanciest meals, all courtesy of virtually limitless expense accounts. But travel budgets are often the first to be cut in a downturn, and by the fourth quarter of 2008, many companies had seriously curtailed business travel, or implemented a freeze altogether.