Report: Wells banker partied at surrendered Malibu home

bizjournals ^ | 091109

[Artemis Webb]

Also here:

http://finance.yahoo.com/news/Neighbors-Exec-moved-into-apf-818362254.html?x=0&.v=1

This is not good PR.

[Artemis Webb]

http://finance.yahoo.com/news/Neighbors-Exec-moved-into-apf-818362254.html?x=0&.v=1

[Shannon]

Cheronda, huh?
ps. The spell checker isn't going to like that name.

[justlurking]

I suspect the bank didn't know about this, unless some of the party go'ers were other employees at the bank.

However, I'd be very surprised if she still has a job after today.

[Artemis Webb]

ditto that

[milwguy]

She worked for Gray Davis in the California Controllers Office before she got her gig at First Interstate and then Wells. Proably affirmative action/Democrat patronage hire for California and she parlayed that into a mansion in Malibu while working for Wells. What a great country we live in!

[milwguy]

If they fire her she will cry Racism and POTUS and Atty Gen will threaten Wells.

[justlurking]

Lots of additional info here:

http://www.latimes.com/business/la-fi-malibu-wells11-2009sep11,0,740504.story?page=1

It mentions the party that I referenced in my past posting.

She used to work in the administration of Gray Davis. What a shock! :-)

[Mr. K]

$1000 says she is an Obama supporter

[steven33442]

I guess I don’t see what the big deal is. Wells Fargo owns the property and can use it as they please.

What am I missing? I am glad someone enjoyed the use of the property instead of it being vacant for a weekend.

This whole article is just liberal slander.

[Artemis Webb]

Wells Fargo can use the property.
Individual employees can not.

[JasonC]

You are missing the populist envy hatred of the rich theme. Men would rather see wealth destroyed than other men use it. Yes it is obscene and there isn't anything remotely conservative about it, but it is abroad on the right today. Welcome to the fight.

[irishjuggler]

I guess I don’t see what the big deal is. Wells Fargo owns the property and can use it as they please.
What am I missing?

I'm totally with ya. Wells Fargo is in lawful control of the property. What one of their employees is doing with the property is between Wells Fargo and that employee. Why should anyone else care?

[bvw]

Oh? Why is that? Are all bank employees you know standing out in the rain rather than under roof?

[MHGinTN]

Another grand says she was bringing selected real estate people in to party with her.

[justlurking]

I guess I don’t see what the big deal is. Wells Fargo owns the property and can use it as they please.

This isn't the bank. This is one employee at the bank. And the bank has an ethics code doesn't allow employees to make personal use of property that had been surrendered to satisfy debts.

[milwguy]

Nice digs though

http://www.106malibucolony.com/

You mean Wells Fargo does not let employees (VP’s) use company property for their personal use? In the age we live in, ethics and honesty in employees are an afterthought.

She will get ‘reassigned’ to less comfy digs. The fact she did not let the realtor show the property constitutes theft because every day that place sits empty is costing Wells a lot of cash.

[Artemis Webb]

"Oh? Why is that?"

Which comment of mine are you referring to?

[trisham]

It’s also a conflict of interest, imho.

[dead]

Why is this even news?

If Wells Fargo doesn't like how their executive behaved, Wells Fargo can fire her.

No laws were broken, that I can see. Who cares about this crap?