Heard in Davos 2009: Dispatches from the Conference

Citigroup Gets Grounded


Alert! Alert!

Citigroup is taking a hint from George Soros, who we mentioned in an earlier post, flew *commercial* to Davos!

In that earlier post, I said Soros was a breath of fresh air, especially considering that Citi would be taking that fancy new jet delivery.

But Citi wants to be like George! A statement today: "Citi has no intent to take delivery of any new aircraft."

So I take it back. Citi is a breath of fresh air too--sort of.