Jan 27 2009

Obama Says ‘No’ to Citigroup’s Plans for New Jet

S Cho, MD

This post has nothing to do with psychiatry…except for perhaps noting that having antisocial traits is almost de regieur for “moving up” in the corporate world. It often gives people the edge to their ambitions. However, those same traits can manifest themselves in truly selfish fashions. So maybe this post is about human nature.

After receiving $45 billion in government bailout funds, Citigroup executives had gone ahead with plans to buy a new $50 million, twelve-seat corporate jet. The New York Post broke the news on January 26. Apparently, officials from the Obama administration contacted Citigroup and told them to “fix it.” That part made me smile.

The part that saddens me is how people of a certain character and socioeconomic status can lose their “common sense.” Really? A jet? Are you people hearing about people losing their homes? But maybe in their minds buying a jet would be like me buying a camcorder during these difficult economic times. Of course, I didn’t receive any bailout money.

From The Huffington Post.