Top Dollar News

Banker bosses are jet-isoned

Posted in Bankers, How much???, Top Dollar News by Jim McMillan on July 22, 2008

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The fat cat managing directors at Merrill Lynch have been delivered a fat lip by their own bosses, who’ve ordered them to stop swanning around in private jets.

It’s part of a ‘tough’ new crackdown, which also involves ordering bankers to slum it in taxis, rather than gigantic stretch limos. Explains, the FT: “The restrictions on flying by private jet are also meant to demonstrate that the firm’s top brass must set an example to the rank and file in tightening belts.”

And even staff at Goldman Sachs are feeling the pinch, reveals New York Magazine. Drunken bankers who break their BlackBerrys will now have to pay for the repairs themselves.

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