News you can use

AP IMPACT: Wall Street still flying corporate jets

STEVENSON JACOBS AP Business Writer NEW YORK

Crisscrossing the country in corporate jets may no longer fly in Detroit after car executives got a dressing down from Congress. But on Wall Street, the coveted executive perk has hardly been grounded. Six financial firms that received billions in bailout dollars still own and operate fleets of jets to carry executives to company events and sometimes personal trips, according to an Associated Press review. The jets serve as airborne offices, time-savers for executives for whom time is money lots of money. And some firms are cutting back, either by s...

 

Reader Comments(0)