Obama Fights Corporate Greed: Forces Citigroup to Ditch Private Jet Purchase

By Katharine Zaleski, Huffington Post
Posted on January 27, 2009, Printed on May 27, 2012
http://www.alternet.org/story/122987/obama_fights_corporate_greed%3A_forces_citigroup_to_ditch_private_jet_purchase

According to a report from ABC News, President Obama is not taking kindly to corporate greed, especially when it's funded by taxpayer money. Read more from ABC here:

The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France...

ABC News has learned that Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."

On Monday, the news broke that bailed out bank was going through with its $50 million private jet purchase even though it had recieved $45 billion in government funds:

Katharine Zaleski has been the News Editor of the Huffington Post since May 2005.

© 2012 Huffington Post All rights reserved.
View this story online at: http://www.alternet.org/story/122987/