Wells Fargo canceled an expensive shindig for its executives, said shindig a PR no-no now that the bank is receiving TARP funds. In this Guest Voice post, cross-posted from his blog, James Hertsch of In the Alternative, argues that the “savings” are mostly just PR and that over-the-top criticism is unjustified. Guest Voice posts do not necessarily reflect the opinion of TMV or its writers.
Dudgeon and the financial dragon
by James Hertsch
It’s rather sad, actually, that Campbell Brown may successfully stoke the populist fires as she excoriates Wells Fargo for a) initially planning to hold employee junkets while receiving TARP funds and b) attacking the media for criticizing all “employee appreciation events.”
There’s a good reason for it…
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James Hertsch is a former journalist and occasional blogger living in the DC area.