second thoughts
In Heart of the Crisis, Bank of America Exec Bought Ferrari, Rethought It
Former Bank of America CEO Ken Lewis.
"At Foreign Cars Italia of Charlotte, where cars run from about $100,000 to $1 million or more, bank bonus season used to provide a boost every February. But Gary Furnas, a sales consultant at the dealership, said he hasn't been involved with a sale to a bank employee since November 2008. That customer, a Bank of America employee, bought a black Ferrari, but then kept it on the lot for two months because he worried that it was too flashy. It wasn't a matter of money — "he could have bought four or five of them if he wanted," Furnas said. In the end, the customer asked the dealership to resell the car, and he opted for a less showy Maserati instead." [Charlotte Observer]
Earlier: Residents of Greenwich, Connecticut, Learn How to Settle for Less
