Finally, someone has started to think outside the box re: team building exercises. Didn’t think it’d come from Wachovia but so be it; the rest of you, take notes! As part of a WB “pep rally,” new-hire analysts were forced this morning to stand on their chairs and shout “I Love Wachovia,” while dancing. Following this, the newbies participated in a competition to build the WB tower, out of marshmallows.

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Comments (62)

  1. Posted by guest | July 16, 2008 at 10:06 AM

    gay

  2. Posted by StMarc | July 16, 2008 at 10:18 AM

    Dance, my puppets! Dance!
    M

  3. Posted by guest | July 16, 2008 at 10:20 AM

    please tell me this is a joke, that it isnt real. please.

  4. Posted by guest | July 16, 2008 at 10:22 AM

    were those Golden West marshmallows?

  5. Posted by guest | July 16, 2008 at 10:24 AM

    No way this is real…

  6. Posted by guest | July 16, 2008 at 10:25 AM

    What Bess didn’t report is that the employees were required to wear blackface while dancing. Robert Steel loves a good ol’ fashioned minstrel show.

  7. Posted by guest | July 16, 2008 at 10:26 AM

    Not real, confirmed.
    -WB Analyst

  8. Posted by guest | July 16, 2008 at 10:28 AM

    ya, please tell me you made this up.
    although my experience w/ IB HR monsters tells me it’s true.
    awesome.
    -retail, gawker, whatev, etc.

  9. Posted by guest | July 16, 2008 at 10:30 AM

    real, confirmed.
    –WB analyst in charlotte

  10. Posted by guest | July 16, 2008 at 10:35 AM

    Also had to build a tower from marshmallows and skewers..people get very competitive….

  11. Posted by guest | July 16, 2008 at 10:37 AM

    I know this is a blog, but are attempts made to confirm these things? Wachovia kept incoming analysts at the expense of existing employees in an attempt to save face. I’d love to know if these kids are sending out joke e-mails at the expense of WB, on WB’s time. Because there are plenty of laid off employees who would gladly take their places.
    Not that I don’t think it’s funny. I just don’t think it’s true. Not a bad idea, though.
    So can anybody enlighten me? Cam someone just send in a tip using their gmail address, or does something need to be submitted by multiple people with firm email addresses?

  12. Posted by guest | July 16, 2008 at 10:41 AM

    Real, confirmed.
    -Marshmallow in Charlotte

  13. Posted by guest | July 16, 2008 at 10:43 AM

    sadly, as someone who participated in this event, i can tell you it’s all to real. Today is “team-building” day at WB.

  14. Posted by guest | July 16, 2008 at 10:44 AM

    I like how their marshmallow tower has all the strenght of Wachovia’s balance sheet right now.

  15. Posted by guest | July 16, 2008 at 10:46 AM

    10:37 back again. If it’s true it doesn’t piss me off. I love it.
    Any names on who led the festivities?

  16. Posted by FUNdamental | July 16, 2008 at 10:51 AM

    And then jp morgan showed up with graham crackers and chocolate and burned and ate wb’s ivory tower.

  17. Posted by guest | July 16, 2008 at 10:52 AM

    Wachovia = TTT

  18. Posted by guest | July 16, 2008 at 10:53 AM

    ooh now I’m hungry

  19. Posted by guest | July 16, 2008 at 10:56 AM

    gnom, marshmallows and dove chocolate
    – Jimmy C.

  20. Posted by guest | July 16, 2008 at 10:58 AM

    I heard this afternoon’s team building exercise at WB is ookie(sp) cookie.

  21. Posted by HAM05 | July 16, 2008 at 10:59 AM

    interesting. i also had to build a tower at work today, but mine was made of interns held together by gypsy tears. it was massive.

  22. Posted by BSD | July 16, 2008 at 11:00 AM

    Great way to weed out any analysts with a sliver of dignity who might have slipped through the cracks in the interview process.
    Did security escort out anyone who wouldn’t get up on their chairs?

  23. Posted by guest | July 16, 2008 at 11:05 AM

    I hope they had an analyst that could play the fiddle while the marshmallows burned.

  24. Posted by guest | July 16, 2008 at 11:06 AM

    stand on chairs…chant..hey whatever
    gets the stock going anywhere but
    D O W N!!!!
    also, consider Mr Steel’s last employer.
    no telling the rah rah routines the
    present administration must put their
    employees through.

  25. Posted by guest | July 16, 2008 at 11:06 AM

    stand on chairs…chant..hey whatever
    gets the stock going anywhere but
    D O W N!!!!
    also, consider Mr Steel’s last employer.
    no telling the rah rah routines the
    present administration must put their
    employees through.

  26. Posted by guest | July 16, 2008 at 11:09 AM

    Do these HR drones have no sense of irony? Having the kids build a tower of playing cards would have been a far better preparation for their future careers as investment bankers.

  27. Posted by guest | July 16, 2008 at 11:18 AM

    Who was processing the credit card applications and manning the phones in the call centers while these “future investment bankers” were doing these team building exercises?

  28. Posted by diablo | July 16, 2008 at 11:29 AM

    If this is real, WB is toast.

  29. Posted by guest | July 16, 2008 at 11:30 AM

    I’d like to start a false rumor that the first year analyst had to put marshmallow’s in their butt cheeks for the entire meeting, dance around and then the kids from Duke had to eat the marshmallows. It’s not true, but it sounds funny.
    Or better yet, send some smores over to Kenny Lewis at Bank of America with the marshmallows. If placed in a nasty butt crack, you could save on the chocolate costs and only have to buy grahm crackers. WB is looking for ways to cut costs and I love saying crackers when I talk about people from the south.

  30. Posted by guest | July 16, 2008 at 11:31 AM

    The Shake Shack 1st years were laughing when they were told about this.

  31. Posted by guest | July 16, 2008 at 11:36 AM

    @11:30 – I work with Duke grads, and believe me, their penchant for ass-mallows is all too true.

  32. Posted by guest | July 16, 2008 at 11:41 AM

    marshmallows, graham crackers, and chocolate need to merge in order to stay alive…and tasty

  33. Posted by guest | July 16, 2008 at 11:59 AM

    marshmallows, graham crackers, and chocolate need to merge in order to stay alive…and tasty

  34. Posted by asg | July 16, 2008 at 12:01 PM

    Did none of these n00bz have a fucking camera phone?

  35. Posted by guest | July 16, 2008 at 12:01 PM

    FUNdamental, thanks for the laugh.

  36. Posted by guest | July 16, 2008 at 12:02 PM

    marshmallows, graham crackers, and chocolate need to merge in order to stay alive…and tasty

  37. Posted by blndebnker | July 16, 2008 at 12:07 PM

    @FUN – Made me laugh out loud. Love it!

  38. Posted by Headless Horseman | July 16, 2008 at 12:14 PM

    Well that should pretty much do the trick. Repeat after me “Perception is reality.” Everything is okay.
    On another note such silly morale exercises are hardly the result of anyone thinking outside of the box. Public accounting firms have been subjecting their employees to similar nonsense for at least a decade.
    Imagine a roomful of accounting stiffs (every last one wearing a light-blue open-coallared shirt with khaki flat fronts that don’t fit correctly) trying to act excited about revisions to the firmwide audit methodology by incorporating the changes into songs while making posters about how ethical we are. My advice to WB employees: you either drink the Kool-Aid and learn to like it, mask your discontent with copious amounts of illicit drugs, or gather up what remains of your dignity and get a job with a serious firm. I’d interpret this as an indication of how little WB’s managment must think of its employee’s collective critical reasoning capacity.

  39. Posted by guest | July 16, 2008 at 12:23 PM

    This thread is lame.

  40. Posted by blndebnker | July 16, 2008 at 12:25 PM

    Not Kool-Aid, grape drink. GRAPE DRINK.

  41. Posted by FUNdamental | July 16, 2008 at 12:33 PM

    @blnde – no one ever takes the grape drink, it’s always sunny d. Or tang if you work for bear.

  42. Posted by blndebnker | July 16, 2008 at 12:35 PM

    Really? I believe it was mrp who corrected me on my use of kool-aid and recommended grape drink instead. Ew, Tang.

  43. Posted by guest | July 16, 2008 at 12:37 PM

    Shut up b.

  44. Posted by FUNdamental | July 16, 2008 at 12:37 PM

    @blnde – was he referring to grape drink, or purple drank…?

  45. Posted by FUNdamental | July 16, 2008 at 12:39 PM

    @blnde – was he referring to grape drink, or purple drank…?

  46. Posted by blndebnker | July 16, 2008 at 12:40 PM

    I specifically remember him saying grape drink because I made the rookie mistake of saying I hadn’t had grape soda in years and he said, “not soda, drink.”

  47. Posted by guest | July 16, 2008 at 12:42 PM

    You bitches really need to shut up.

  48. Posted by FUNdamental | July 16, 2008 at 12:43 PM

    Ah screw it all, knob creek on the rocks.

  49. Posted by blndebnker | July 16, 2008 at 12:45 PM

    I’ll take warm Franzia, please.

  50. Posted by guest | July 16, 2008 at 12:47 PM

    I’ll have what Gasparino was drinking ringside.

  51. Posted by FUNdamental | July 16, 2008 at 12:50 PM

    Any good dive bar should be able to accomodate your needs…
    So when are we going?

  52. Posted by blndebnker | July 16, 2008 at 12:50 PM

    Not that it needs to be said really, but that man is so repulsive. That suit. Good gracious, what a dillweed.

  53. Posted by blndebnker | July 16, 2008 at 12:52 PM

    Put it together! Let’s do a DB dive bar gathering. I’m down.

  54. Posted by guest | July 16, 2008 at 12:53 PM

    @blnde. Of course you’re down, that’s how you got your job.

  55. Posted by guest | July 16, 2008 at 12:53 PM

    blnd and fun, can you guys swap emails and spare us this shit?

  56. Posted by guest | July 16, 2008 at 12:55 PM

    “Posted by guest, Jul 16, 2008 12:47PM
    I’ll have what Gasparino was drinking ringside.”
    did we ever get a ruling on what was in that glass?

  57. Posted by guest | July 16, 2008 at 3:29 PM

    I’m sticking around for bukkake day.

  58. Posted by guest | July 16, 2008 at 4:23 PM

    Don’t forget to bring a towel to the bukkake session.
    -Towelie

  59. Posted by guest | July 16, 2008 at 4:23 PM

    Don’t forget to bring a towel to the bukkake session.
    -Towelie

  60. Posted by diablo | July 16, 2008 at 4:26 PM

    By the way, Cox says it’s OK to go naked with WB. Just saying.

  61. Posted by guest | July 16, 2008 at 4:29 PM

    Not only are we chanting at the WB, but we now wear blue smocks on the trading floor. It’s the new WAL-chovia.
    …working on the roll back.

  62. Posted by guest | July 17, 2008 at 12:42 AM

    How do ya like me now Tuck?By the way Rob, any “warm and fuzzy feelings “lately?

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