Region execs. fly to resort on taxpayer money
Regions Financial Corp. of Birmingham, Ala., received $3.5 billion from the Treasury Department’s Troubled Asset Relief Program, or TARP, on Nov. 14. Twelve days later, the day before Thanksgiving, two Regions jets left Birmingham within minutes of each other, bound for a small airport in West Virginia.
The destination: the historic Greenbrier resort, where the bank’s chief executive, C. Dowd Ritter, and family members spent four nights over the holiday, according to a person familiar with his accommodations.
The round-trip flights cost Regions roughly $17,700, according to a calculation by Conklin & de Decker Aviation Information, a consulting firm. A Regions spokesman declined to comment on the trip or the cost estimate but said all travel on company jets “either for personal or business was within our policy.”
WSJ
h/t NPR
Magnolia Tribune
