Flight Expenses
-
Baidu Responds to CEO Flight Expenses: “Standard and Reasonable,” Common Practice at Major Companies
Baidu’s Q1 2025 earnings revealed a modest revenue increase and a strong net profit surge. The report’s focus, however, shifted to disclosed payments for CEO Robin Li’s private plane use. Baidu stated these expenses, already detailed in the annual report, were approved, standard practice, and based on market rates. While the earnings report revealed overall performance details, the specifics of the plane-related expenses weren’t itemized.
