Tuesday, February 10, 2009

Wells Fargo Cancels Las Vegas Trip

Wells Fargo cancelled their traditional appreciation trip for over 1,000 of the top employees and guests to Las Vegas after receiving criticism for having this event despite receiving a bailout of $25 billion. At first they defended their trip as a tradition and part of their culture, but cancelled because of scorn from Capital Hill investors and lawmakers. These were lavish events where they would stay in top hotels, receive fantastic gifts and awards, viewed performances by Jimmy Buffett, Cher, or Jay Leno and/or participated in wine tastings, horseback rides, or helicopter rides. They said they had planned to scale down the trip this year before being forced to cancel it.

http://www.msnbc.msn.com/id/28999671/

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