Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions
(NEWSER) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less than 2 weeks after getting $3.5 billion in TARP funds, the chief of Regions Financial Corp. in Alabama used two bank jets to fly his family to a four-day vacation at a resort in West Virginia. More»
