Lots of companies have execs who do those things that still don't fly private jets today and may not even have execs who always fly business class unless they have the status to routinely get upgraded. Certainly no company I've ever worked for and I've worked for some pretty large ones.

Honestly if that is all they are hoping for, I sincerely hope they fail spectacularly. The world is unequal as it is and I certainly don’t want the rich flexing their wealth with vanity like this, especially not considering the climate cost of all this, and the fact that we are already in a climate catastrophe that is disproportionately caused by the rich while harming the poor.