Citibank Execs want private corporate jet now?

January 28, 2009 by MyOrbit
Filed under: Banking, Employment, Money & Finance 

Citibank Execs want private corporate jet worth $50 million.

This sounds outrageous. On Monday over 40,000 jobs were lost in the US. People are losing jobs and fighting for survival, and these banking execs are worrying about ‘upgrading’ their already lavish corporate perks.

A large part of the current problem is due to the banks refusing to make credit available to small businesses and individuals. The bailouts are not working and, quite frankly, are being diverted to propping up balance sheets, executive compensation, and perks (like Jets) rather than increasing credit availability.

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One Comment on Citibank Execs want private corporate jet now?

  1. Peter D on Sun, 1st Feb 2009 10:42 am

    2. Frankly, I thing we should string up the lot of them! Harry Truman warned about the dangerous of uncontrolled, and too powerful financial institutions. Unfortunately we, and our children, will be paying for this for a long time to come.

    Yes, this is a small waste compared to the billions these Citi bankers have squandered. Shameless with absolutely no accountability. Sitting in private jets and screwing investors. These guys need to be given hard lessons. They can’t just walk away with the damage they have done.

    http://www.fiercefinance.com/story/what-make-citi-private-jet-mess/2009-01-27

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