Merrill Still Tells Its Bosses to Use Private Jets

Summary

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BaILED-oUt companies and banks in the Us are adopting very different rules on how they should behave having taken taxpayers' money, Neil Barofsky, the overseer of recipients of $700 billion (Pounds 426.1 billion) of government money, said today. Bank of america, which owns Merrill Lynch and employs 5500 people in London, encourages senior managers to use private jets "for safety and efficiency".

But carmakers clearly learned from the lambasting they received when they first flew to Washington to arrange their bail-out.

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Merrill Still Tells Its Bosses to Use Private Jets

General Mo...

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