It was a tough day for Wells Fargo. The banking giant got “caught” planning a luxurious 12-day employee-recognition event in Las Vegas just weeks after accepting a taxpayer-funded $25 billion bailout. Every PR person in town knew immediately how it would end, but it still took five hours (and a nearly infinite number of Internet/blog/twitter news cycles) to play out:
“Recognition events are still part of our culture. It’s really important that our team members are still valued and recognized.”
– Wells Fargo spokeswoman Melissa Murray, quoted in an AP article, 1:50 am MST
We are “reconsidering the event.”
– Wells Fargo spokesman Kevin Waetke, quoted in a Reuters article, 5:04 pm MST
“In light of the current environment, we have now decided to cancel this event.”
– Wells Fargo statement, 6:34 p.m. MST
I removed Schenkein from the “Denver Agencies” list and its Tracked Changes blog from the “Blogs Worth Reading” list today. Schenkein was a blue-chip name in Denver, and a lot of great public relations people passed through its doors over the years. Here’s hoping that those who were with it at the end find other positions quickly.
What do you do when the world thinks your product is obsolete and that the world has passed you by? You launch a public relations campaign, of course. And that is exactly what the newspaper industry is doing with a series of commentaries and a new Web site. Will it work? Who knows? At the very least, it will give newspaper folks some experience in PR before they are forced to make the leap.
Bellco Credit Union has selected GroundFloor Media as its agency of record for its community-relations program.
If you are a fan of KOA radio host Mike Rosen, you may get to hear his show a few years longer than he originally planned. Adding insult to injury – he touted the same investment firm who may have lost more than $1 million to his listeners.