The Obama Treasury Department is taking action against Citigroup and their ridiculous airplane:
The Treasury official called the bank to complain and told the executive to find a solution. Among the possibilities would be selling or leasing the fancy flier, since there are penalties associated with killing the contract outright.
In any case, the administration does not want the plane put in service under the Citigroup banner.
No word on whether the administation will be tossing shoes. But they should. All of us should.
UPDATE: Citigroup refuses delivery of the jet:
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. [...]
The company today issued a statement saying, "We have no intent to take delivery of any new aircraft."
BAM!