Sometimes things move too fast. A friend of mine tipped me off to this story this afternoon, and I put it aside to rail against yet another example of corporate greed.
Well, it still is, and was, despite Wells Fargo’s decision to back down. It’s also yet another example of the collective blindness under which our betters labor. Don’t they realize that they should keep the excess within the confines of their gated communities for awhile? Meanwhile, which of the following are you going to believe:
This, from Wells Fargo?
“The event is not a ‘junket’ for executives but a four-day business meeting and recognition event for hard-working team members who made homeownership achievable and sustainable for borrowers across the nation.”
Or this?
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.
“I was amazed with just how lavish it was,” said Debra Rickard, a former Wells Fargo mortgage employee from Colorado who attended the events regularly until she left the company in 2004. “We stayed in top hotels, the entertainment was just unbelievable, and there were awards — you got plaques or trophies.”
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