Financial Times FT.com

Bank chiefs to travel by public transport

By Francesco Guerrera, Greg Farrell and Saskia Scholtes in New York

Published: February 7 2009 00:04 | Last updated: February 7 2009 00:04

They will travel from points near and far – from California to the New York island – but the financial titans converging on Washington next week for a congressional grilling will all leave the private jet in the hangar.

Vilified for enjoying lavish lifestyles while their companies are kept afloat by billions of taxpayers’ dollars, the men formerly known as Masters of the Universe have opted to get a first-hand look at the US’s crumbling transport infrastructure.

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