Wells Fargo & Co. abruptly canceled Tuesday a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money.Utah's got to be looking better and better...
The company initially defended the trip after The Associated Press reported it had booked 12 nights beginning Friday at the Wynn Las Vegas and the Encore Las Vegas. But within hours, investigators and lawmakers on Capitol Hill had scorned the bank, and the company canceled.
The conference is a Wells Fargo tradition. Previous all-expense-paid trips have included helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 of the company's top employees and guests.
Monday, March 02, 2009
I Wonder If We Could Get Jimmy Buffet...
Las Vegas continues to get pounded because of its image. After an initial refusal to cancel their incentive trip to Vegas, Wells Fargo finally caved to public pressure:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment