Tuesday, February 3, 2009

Oh, You Said Bailout, Not Blowout

After collecting $25 billion in bailout money, Wells Fargo thought it would be hunky dory to have a 12 night Las Vegas shindig starting this weekend at the Wynn and Encore Hotels for its top employees (previous all-expense-paid trips 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). Shockingly, the news of plans to continue the merrymaking tradition didn't go over so well (whodathunkit?). Wells Fargo has suddenly (and wisely) decided to cancel its party plans.

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