Illegal charters

[(]Why ? The 61.113b excpetion only applies if both 61.113.b.1 and
61.113.b.2 are met. [)]

If we consider the CEO to be a passenger then
61.113.b.2 is not met, thus 61.113.b is not applicable any more.
Therefore the PIC would have to either pay 100% or 50% depending on
whether 61.113.c apply.

This is the part thats baffeling.

We'd need to consider the CDO not "just" a passenger, but a "passenger
for compensation or hire", iow somebody who paid the company in order to
be on the flight. That would make the flight "look like" air taxi to
him. (or her).

If the CEO is "just" a passenger, that is not sufficient for 61.113.b.2
to not be met.

Jose
--
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