Wells Fargo corporate trips to Vegas

In the last few weeks, I’m really surprised to read this article

Wells Fargo, which has received approximately $25 billion dollars in federal funds, is “planning a series of corporate junkets to Las Vegas casinos this month” for some of the company’s “top mortgage officers”.  The best part of this is the explanation a Wells Fargo spokesperson gave, claiming that “recognition events are still part of [Wells Fargo’s] culture.” 

I think it’s apparent to pretty much anyone watching the financial meltdown that sending a bunch of execs to Vegas casinos is pretty much a part of their corporate culture.

update! they’ve called off the Vegas trip.  I doubt I had anything to do with it. 🙂