ME's Political Rant: Citigroup's new corporate jet

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Monday, January 26, 2009

Citigroup's new corporate jet

Hey, since taxpayers gave them $45 billion, does this mean we ALL get to ride in it? (Idiots.)

The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.

The plane, the Dassault Falcon 7X, is a luxurious jet with a range of 5,950 nautical miles (meaning it can fly from New York to all of Europe and South America, as far east as Riyadh, and as far west as Honolulu or Petropavlovsk, Russia). The Post reports it has "plush interior with leather seats, sofas and a customizable entertainment center."

2 Comments:

Unknown said...: I am absolutely outraged about this news. I am a senior risk analyst on the cash side of Citigroup in Global Transaction Services. This article just makes me beg the question as to if Senior Executives at Citigroup are even concerned with their stock price. Moreover, it makes me question their intelligence in general. Personally, my feeling is that Citigroup should receive at least $500 million in punitive damages and an indefinite freeze on the corporate bailout.

I would love to speak with you and you could get the feel here from the inside, but this is absolutely absurd.

It would be great to talk

Best,
Bob Logano; January 26, 2009 at 11:29 AM
Mary Ellen Hunt said...: Hi Bob, Thanks for the message! Stories like this continually amaze me. I don't claim to understand the ins and outs of the world of finance at all, but at a gut level, I can't help feeling as though everyone has a hand out for free bailout money, but no one even intends to use it wisely or plan for the long-term health of any of these companies.

Also feel free to email me anytime at info@maryellenhunt.com.

ME:); January 26, 2009 at 12:10 PM