Saturday, June 25, 2011

Non-Conspicuous Business Travel, the New Norm

The other day, I was at Starbucks I was talking to a gentleman who was formerly from Ireland. He is now a US citizen, and he runs a business in the transportation industry. Specifically he shuttles executives, and wealthy individuals to and from the airport, and around town in town cars and Limousines while they are on vacation, or while they are snow-birding in our desert resort community. We got to talking about how more and more wealthy folks and corporate executives are traveling incognito without the flashy Limousines. There's a reason for this, and I'd like to talk about it for a moment if I might.

If you "travel large" and flash the cash so to speak, carrying expensive designer bags jump in and out of expensive cars, well, in some countries you are liable to get kidnapped if you are too conspicuous or if you appear be wealthy. If you look like you are a corporate executive, there's a good chance that your company has bought travel insurance to pay off the kidnappers, and therefore, that's easy money, and you will soon become a target.