socialmedian: Bailed-out Wells Fargo sending execs on Vegas vacations

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Bailed-out Wells Fargo sending execs on Vegas vacations - USATODAY.com By nigelwalsh

Wells Fargo Mediation Strategy By daynamarcum

Feb 03, 2009

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Submitted by Nigelwalsh

Feb 03, 2009

Summary

WASHINGTON (AP) — Wells Fargo (WFC), 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. Read the full article

Comments (3)

Slipstream,

Feb 03, 2009

Not blaming you, Nigel, but the headline is misleading. They are attending an annual conference. It's not vacation.

Nigelwalsh,

Feb 03, 2009

@slipstream agreed - headlines - don’t you love them! There is always a place to reward and recognise good people, especially now in hard times. It's slightly different to the Citi Bank jet scenario.. but all the same, with public money in these organisations - they are very much open to more public scrutiny..