The Hits Just Keep On Coming

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This is wild. Merrill Lynch, UBS, and JP Morgan have apparently been instructing their senior bankers in Asia to fly coach on flights up to five hours, and cut back on non-essential travel to Vegas, if possible, according to Bloomberg. No word on reductions in travel expenses from Citi, presumably because the ban on color-copies has been enough to do the trick, profitability-wise. These restrictions sound severe, and we completely agree that they are perhaps a bit extreme, but we will remind you that once Ryainair CEO Michael O'Leary's pioneering efforts come to fruition, coach, while pedestrian, really won't be so bad.

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