Talk about squashing consumer confidence.
Despite receiving $28.4 billion in federal taxpayer bailout funds, JPMorgan Chase and American Express sponsored a weeklong professional squash tournament in New York last month at the same time lawmakers were denouncing wasteful Wall Street spending.
The weeklong event — the Tournament of Champions — was held Jan. 23-29 at Grand Central Terminal and sold roughly 4,500 tickets. The tournament's see-through court attracted thousands more passers-by and commuters who caught a glimpse of one of the "world's premier squash championships," according to tournament director John Nimick.
Representatives at JPMorgan Chase declined to specify exactly how much it spent on the sponsorship, but a source close to the matter said it was roughly $100,000. American Express officials also declined to provide an exact amount, but the company is believed to have spent roughly $25,000, according to the source.
More Here: http://www.foxnews.com/story/0,2933,487133,00.html
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3 comments:
I prefer Okra over Squash.
I prefer Squash over Oprah...haha.
But really, these corporate sponsorships are drops in the bucket compared to the Porkulus project being jammed thru Congress. We shouldn't just complain about CEOs and bonuses, why are the boards of directors approving such bonuses and why are stockholders allowing this...no outraged stockholders???
Please remember this ," If you always do , what you've always done,
you always get , what you always got."
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