Bailed-Out Wells Fargo Plans Vegas Casino Junkets
Bailed-out banking giant Wells Fargo is planning more than a week of corporate junkets at Las Vegas casinos. Wells Fargo, which received $25 billion in taxpayer money, has booked 12 nights at the Wynn and Encore hotels starting Friday. Some of that is for a company conference honoring the top mortgage lenders.
Published: February 3, 2009
WASHINGTON (AP) - Bailed-out banking giant Wells Fargo is planning more than a week of corporate junkets at Las Vegas casinos.
Wells Fargo, which received $25 billion in taxpayer money, has booked 12 nights at the Wynn and Encore hotels starting Friday. Some of that is for a company conference honoring the top mortgage lenders.
The sales conference is a Wells Fargo tradition. Previous events have included horseback riding in Puerto Rico and a private Jimmy Buffet performance in the Bahamas.
At the end of the month, the company’s insurance division has scheduled a meeting at the Mandalay Bay Hotel in Las Vegas.
Company spokeswoman Melissa Murray says recognizing employees remains part of the Wells Fargo culture. She says it’s very important that employees know they’re valued.
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