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“#Goldman Sachs underlings have griped about work from home schedule for a year” Goldman Sachs underlings have been complaining about their grueling work-from-home routines for longer than previously known — since the start of the pandemic, in fact. Last spring — almost a year before a group of first-year analysts created last month’s viral PowerPoint…
“#Goldman Sachs CEO doesn’t care if you hate him” Goldman Sachs CEO David Solomon says he feels your pain. Just don’t expect him to do much about it. That was the message the hard-driving CEO gave to 38,000 company employees as details leaked about the sweatshop-like work conditions at the white-shoe investment bank. On Sunday,…
“#Goldman CEO tells exhausted bankers he’ll try to give them Saturdays off” Goldman Sachs boss David Solomon has heard the complaints from junior bankers about their 100-hour work weeks — and he promises he’ll try to give them Saturdays off. In a voice memo late Sunday, the hard-charging chief executive told employees he will “strengthen…
“#Forget griping staffers, investors love David Solomon” David Solomon would never win a popularity contest inside Goldman Sachs. Low-level employees grouse that the chief executive makes them work around the clock through the pandemic to keep up with deal flow. White-shoe investment bankers complain that they get blasted when they miss out on business. He…
“#Goldman analysts beg to work only 80 hours a week in leaked presentation” Goldman Sachs underlings say grueling, 100-hour weeks have damaged their health — and they claim the relentless grind has pushed them closer to ditching their coveted jobs at the Wall Street giant. The gripes come from a disgruntled group of 13 first-year…
“#David Solomon’s lavish lifestlye irks Goldman Sachs underlings” Goldman Sachs’ CEO has a private-jet habit — and critics say it’s flying in the face of his harsh words for staffers who work from home. David Solomon — who spins records at nightclubs as a part-time DJ when not running the Wall Street colossus — has…
“#Goldman Sachs executive exodus gains steam as top lawyer exits” The exit door at Goldman Sachs is getting quite a workout. The megabank’s head lawyer, Karen Seymour, is reportedly on her way out — marking the third high-profile departure this week. The reason for her departure is unknown, but it might complicate Goldman CEO David…
“#Goldman Sachs launches robo-adviser for Marcus customers” Goldman Sachs has jumped into the red-hot retail investor market — but don’t expect it to recommend stock tips that you’ve found on Reddit. The megabank unveiled a new robo-adviser tool on Tuesday, giving customers of its Marcus savings account access to its wealth management services, which had…
“#Wall Street bigs press for speedier COVID vaccine rollout in NY” New York City’s business leaders are concerned about the state’s troubled COVID vaccine rollout — and they’re offering to mobilize their clout and resources to help speed it up. Reps from dozens of city-based firms led by Goldman Sachs chief David Solomon held a…
“#Wall Street readies for more stock froth amid economic pain in 2021” The stock market may have ended the year at record highs, but Wall Street is now in a very different place than it was this time last year. Financiers biggest concerns in January 2020 revolved around President Trump’s mercurial stance on international trade…