JPMorgan Chase CEO Is Tired Of Corporate "Vilification"

With business aviation interest groups pushing back against this year's bizjet-bashing craze in Washington, it looks as though a big corporation is joining the movement.

ABC News reports JPMorgan Chase is considering spending $138 million to buy new corporate jets and a hangar to house them, and keeping Washington's nose out of things by returning $25 billion in government bailout funds.

The purchase would reportedly include almost $120 million for two Gulfstream G650 aircraft -- scheduled to replace two older planes in the four-plane fleet come 2013 -- and $18 million for a controversial renovation of a hangar at Westchester Airport outside New York City.

The blueprints reportedly call for an upscale hangar furnished with quarry stone and a rooftop garden. The specification for the use of reclaimed wood seems almost out-of-place for its political correctness.

JPMorgan Chase CEO Jamie Dimon is tired of the grandstanding from Washington.

"When I hear the constant vilification of corporate America, I personally don’t understand it," Dimon said. "I would ask a lot of our folks in government to stop doing it because I think it's hurting our country."

Westchester County held a hearing Monday night to consider leasing the hangar to JPMorgan.

FMI: www.jpmorganchase.com, www.avitatwestchester.com/