Citigroup buys 50 million dollar jet
Posted 26 January 2009 - 08:03 AM
This means we can all ride it whenever we want, right?
Posted 26 January 2009 - 08:11 AM
Posted 26 January 2009 - 08:30 AM
Posted 26 January 2009 - 11:10 AM
It's well understood that they need some help, but the poo that they and the Big 3 are, and were pulling is out of control.
Posted 26 January 2009 - 11:12 AM
Awesome! I absolutely hate the financial industry right now. Maybe terrorists will hi-jack the plane and fly it into Citigroups building.
this would get al qaeda elected
Posted 26 January 2009 - 11:18 AM
Jack asses...this after hearing about Thain at Merril Lynch spending over a million dollars....a MILLION DOLLARS...on his freaking office!!! I'd like to beat his ass.
yeah, and the BILLION he gave in bonuses before BoA finished the buyout... as they were asking for relief.
These guys have us all bent over and asking for more.
Posted 27 January 2009 - 01:39 PM
The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France.
The decision came 24 hours after the banking giant, which was rescued by a $45 billion taxpayer lifeline, defended buying the state-of-the-art Dassault Falcon 7X -- one of nine to be flying in U.S. skies -- as a smart business deal.
ABC News has learned that on Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."
Earlier on Monday, White House spokesman Robert Gibbs said made it clear ABC News asked him about the jet that the president disapproved of the deal.
"The president said this during the transition, as it related to the auto companies using private jets: [He] doesn't believe that's the best use of money at this point," Gibbs said.
The company today issued a statement saying, "We have no intent to take delivery of any new aircraft."
Citigroup had argued it was selling two of its four other planes to pay for this one, that the new jet would be more efficient and, besides, it had already signed a contract for the jet. Breaking that deal would cost the bank millions in penalties.
The Citigroup air fleet will now shrink from four jets and a helicopter to two planes.
Citigroup was apparently not deterred from shopping for a new jet despite the outrage that erupted when Detroit's auto barons used private jets to fly into Washington to plead for handouts. The giant carmakers later got rid of their jets after being granted a $17 billion financial lifeline in taxpayer cash.
Posted 27 January 2009 - 01:53 PM
They could have still done it.
Posted 27 January 2009 - 01:54 PM
I know when I heard about this this morning, I thought to myself, "I hope the President doesn't let these guys slide." Good for him and his administration; I'm impressed. Now, they only need to make about 1,000,000 more phone calls with similar messages and we'll be headed in the right direction.
Posted 27 January 2009 - 01:55 PM
Citigroup execs: "Yes, we are Mr President"
Obama: "I will fuging crush you like the cockroaches that you are. I will destroy you. I will destroy your families. I will cause your lives to be a living hell for the short time that you remain on this planet."
Posted 27 January 2009 - 02:21 PM
Posted 27 January 2009 - 04:26 PM
Posted 27 January 2009 - 04:34 PM