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Wall Street Execs Still Fly Private Jets

Costly travel rationalized as time saver

By Ambreen Ali, Newser User

Posted Dec 22, 2008 5:47 AM CST

(Newser) – Six ailing Wall Street firms that eagerly took bailout funds still spend thousands to operate fleets of private jets that whisk their executives to company—and personal—events, AP reports. AIG, which scooped up $150 billion from the government, beats its peers with a seven-jet... Read full story »

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Wall Street Execs Still Fly Private Jets

Costly travel rationalized as time saver

Wall Street • executive compensation • air travel • luxury travel • private jet • investment banks • corporate execs • banks • financial crisis • Wall Street bailout

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More Newser Stories

Skirting Pay Cap Will Be a Piece of Cake

Obama proposal leaves wiggle room, and Wall St. usually good at finding it

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Citigroup hasn't learned its lesson from financial crisis

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Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

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