10:38 am June 19, 2009, by Henry Unger
In case you haven’t had enough of excessive executive compensation reports, here’s another one.
Chief executives of some banks that received federal money, including Bank of America Corp., Morgan Stanley and Regions Financial Corp., used company jets for their personal use, the Wall Street Journal reported.
Once again, it pays to be a top banana. And it’s this kind of scrutiny that drives some of the big banks crazy. It’s one of the reasons some of them are rushing to return the bailout money.
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