What's that? You think that just because you're on welfare, you shouldn't be allowed to charter a jet for a personal vacation? You're un-American!The Wall Street Journal reports (subscription required) that "Flight records show numerous occasions when banks receiving federal money have flown their planes to destinations near resorts or executives' vacation homes, including spots in Europe, Mexico, the Caribbean, south Florida and Aspen, Colo. In some cases, it's clear that bank executives were traveling for personal reasons; for other flights, many of which were over weekends or holidays, the passengers and purpose couldn't be established."
Bank of America (NYSE: BAC) was one of the "Let's take taxpayer money and book flights to Aspen." "We are implementing a new policy in 2009, under which personal use of aircraft will not be permitted," a spokesperson told the Journal.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Reader Comments (Page 1 of 1)
6-19-2009 @ 3:51PM
bob schick said...
hey Zac, there a job waiting for you at one of those supermarket tabloids