Wells Fargo cancels “traditional” employee only, all inclusive event

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Wells Fargo cancels “traditional” employee only, all inclusive event

February 4, 2009 – 1:09 am – No Comment

Wells Fargo was planning an employee conference in Las Vegas until criticism got the better of them and the company decided to back out.

The Associated Press found out about the conference and reported that starting Friday, it was scheduled for 12 days. However, once word got to Congress, Wells Fargo decided to cancel the event.

The conference is a Wells Fargo tradition. Previous all-expense-paid trips have 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.

“In light of the current environment, we have now decided to cancel this event as well,” the company said Tuesday night in a news release that also said the it had never planned to use taxpayer bailout money for the trip.

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