Just Plane Dispicable - Citigroup's New Jet
The New York Post reports Citigroup takes delivery of a new corporate jet. A jet capable of carrying twelve of the most incompetent executives in America. The cost? $50 million. Citigroup's defense? We would have had to pay a penalty to cancel the order.
Is it amazing that Congress grilled the automakers for coming to town in corporate jets. And, Citi executives most assuredly saw or read of this gaffe. Just months later they give the American public the middle finger after receiving hundreds of billions in guarantees and loans from said clowns. (That would be you and me.)
This is some pretty complicated math. So, let's see if I can get this straight. If you are in a bad business deal or one you can no longer afford, and your choices are to a) consummate the deal at $50 million or b) cancel the deal at a cost of $1-2 million, might I ask what the appropriate action should be? Let's ask the airline industry.
Is it amazing that Congress grilled the automakers for coming to town in corporate jets. And, Citi executives most assuredly saw or read of this gaffe. Just months later they give the American public the middle finger after receiving hundreds of billions in guarantees and loans from said clowns. (That would be you and me.)
This is some pretty complicated math. So, let's see if I can get this straight. If you are in a bad business deal or one you can no longer afford, and your choices are to a) consummate the deal at $50 million or b) cancel the deal at a cost of $1-2 million, might I ask what the appropriate action should be? Let's ask the airline industry.
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