Sorry, but this is nothing more than a cheap attempt at stirring up class hatred. The jet is one of the most useful, efficient tools in the corporate arsenal, especially when you have to run around and meet people 24/7 (as tends to be the case with banking). If we lived in a perfect world (which isn't the case), everyone would have access to this sort of transportation; having experienced it first-hand, I can say that it seriously makes life more productive. Also, there's a very small number of short-runway jets capable of transcontinental range, and the Falcon 7X is one of the most efficient of the pack.
I think Citigroup is one of the worst-run companies in America, if not the world, but I don't think their private jet usage is the problem there. In fact, perhaps it would have been better for us all if they had spent more time running around the world and seeing the sort of mess they had been creating (one need only see the tract-home-filled foothills of Orange County, California in 2004 to understand there was a bubble).
This is the absolute worst time for us to start getting morally indignant over others' consumption. The more we do this, the worse it will be. Any purchases that lead to gains in productivity need to be celebrated -- that's how money swirls through the economy and gets us out of this mess!
Oh yeah, and people who work in corporate aviation departments tend to be really cool.
I think Citigroup is one of the worst-run companies in America, if not the world, but I don't think their private jet usage is the problem there. In fact, perhaps it would have been better for us all if they had spent more time running around the world and seeing the sort of mess they had been creating (one need only see the tract-home-filled foothills of Orange County, California in 2004 to understand there was a bubble).
This is the absolute worst time for us to start getting morally indignant over others' consumption. The more we do this, the worse it will be. Any purchases that lead to gains in productivity need to be celebrated -- that's how money swirls through the economy and gets us out of this mess!
Oh yeah, and people who work in corporate aviation departments tend to be really cool.