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Tuesday, Feb. 17, 2009

Welcome to the Socialist Machine

Last week, Associated Bank's CEO, Paul Beideman, made several mistakes in rapid succession. First he proved to be completely tone-deaf in the face of media criticism about a "junket" planned for Associated Bank's 100 top performers. Then, he cancelled the trip. The Milwaukee Journal-Sentinel's Dan Bice certainly blew the lid off this scandal. A sales-based organization is rewarding its employees with a trip to Puerto Rico- the horror, the horror. Unfortunately, this particular bank took taxpayer funds as part of the TARP program. That means YOU BELONG TO US, Associated Bank. Welcome to the socialist machine.
Tuesday, Feb. 17, 2009

Associated Bank Plays it Wrong

Last week, Daniel Bice, writing in his "No Quarter" column for the Milwaukee Journal Sentinel, reported that Associated Bank took a $525 million handout from the federal government. No great shakes - I applied for some myself (denied, btw). However, Bice, in the same column, "Associated Bank plans its own fiesta after bailout party," also reported that Associated CEO Paul Beideman was planning on taking nearly a hundred Ass.Bankers with him to a Caribbean resort to celebrate a job well done.

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