We have bailed out the Wells Fargo Bank to the tune of 25 Billion dollars and now they plan to take their executives on a very lavish junket to Las Vegas!
What is this world coming to? What are these people thinking of? And the president!!! What is he thinking of if he lets them get away with this!!
Read all about it at this link!
http://www.msnbc.msn.com/id/28999671
WASHINGTON - Wells Fargo & Co., which received $25 billion in taxpayer bailout money, is planning a series of corporate junkets to Las Vegas casinos this month.
Wells Fargo, once among the nation’s top writers of subprime mortgages, has booked 12 nights at the Wynn Las Vegas and its sister hotel, the Encore Las Vegas beginning Friday, said Wynn spokeswoman Michelle Loosbrock. The hotels will host the annual conference for company’s top mortgage officers.
The conference is a Wells Fargo tradition. Previous years have included all-expense-paid helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 employees and guests.
“I was amazed with just how lavish it was,” said Debra Rickard, a former Wells Fargo mortgage employee from Colorado who attended the events regularly until she left the company in 2004. “We stayed in top hotels, the entertainment was just unbelievable, and there were awards — you got plaques or trophies.”
While the nation’s recession has led other banks, such as Bank of America, to cancel employee recognition outings, Wells Fargo has not.
“Recognition events are still part of our culture,” spokeswoman Melissa Murray said. “It’s really important that our team members are still valued and recognized.”
What's wrong with a pat on the back??
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4 comments:
Margie, I am blogging again at http://lhillin.blogspot.com/
'Ramblings of a Liberal'
I thought I could give up blogging but found that hard to do. I did, however, need to free myself from some Texans and family members who were my readers. We do not live on the same planet anymore.
Texas to Oregon
Linda Hillin
Thanks for letting me know, Linda. I was heartsick that you had given it up.
I have an idea that you'll soon be seeing a headline saying that Wells Fargo has reconsidered the trip to Las Vegas.
Yes, they did.....after the president expressed his feelings about it.
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