Monday, February 02, 2009
Jonathan Berr, Blogging Stocks,
Jonathan Berr, Blogging Stocks,
Sandy Weill gives up Citigroup corporate jet
Over the weekend, the New York Post reported that former Citigroup Inc. (NYSE: C) Chief Executive Sandy Weill and his family flew on a company jet for a vacation in Mexico weeks after the New York-based bank received a $45 billion bailout from the federal government and said it would slash 75,000 jobs.
According to the Wall Street Journal, "Weill's office said in a statement on Monday morning that `in light of the unprecedented circumstances that Citi finds itself in' he decided to stop using Citi aircraft immediately."
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Posted by Editor on 02/02/09 at 06:53 AM •
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