The media wants you to think the above image is what Wells Fargo is doing for their meetings. Why because its a more interesting headline than educating the public on the full story.
One large concern at the recent Meeting Professionals International (MPI) MeetDifferent conference in Atlanta this week was that companies are canceling the meetings only due to the bad press they receive. Incentive meetings are paid for by the incentives given to the employees or contractors that are working for them. It is built into the incentive structure. The economies of many cities like Las Vegas depend on this money. Of course, if the money is nefariously used(private jets for execs) this might be a problem. But companies are canceling these meetings just because the press is jumping on them and they do not want the bad press. The media needs to educate the public fully on the ramifications of canceling meetings. [Read more...]