{"id":208594,"date":"2021-03-23T02:34:03","date_gmt":"2021-03-22T23:34:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-ceo-doesnt-care-if-you-hate-him\/"},"modified":"2021-03-23T02:34:03","modified_gmt":"2021-03-22T23:34:03","slug":"goldman-sachs-ceo-doesnt-care-if-you-hate-him","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-ceo-doesnt-care-if-you-hate-him\/","title":{"rendered":"#Goldman Sachs CEO doesn’t care if you hate him"},"content":{"rendered":"

“#Goldman Sachs CEO doesn’t care if you hate him<\/strong>”
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Goldman Sachs CEO David Solomon says he feels your pain. Just don\u2019t expect him to do much about it.<\/p>\n

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.<\/p>\n

On Sunday, Solomon released a voice memo that some people inside the firm thought would usher in a new, more compassionate era at Goldman.<\/p>\n

Instead, Solomon app<\/a>eared to double-down on his embrace of Goldman\u2019s traditionally heartless work culture.<\/p>\n

\u201cWe have an opportunity to work with our clients on so many interesting things right now,\u201d Solomon said in the memo, according to a transcript confirmed by the Post. \u201cIn the months ahead, there are times when we\u2019re going to feel more stretched than others, but just remember: If we all go an extra mile for our client, even when we feel that we\u2019re reaching our limit, it can really make a difference in our performance.\u201d<\/p>\n

It was telling that Solomon also said he would not end but would only \u201cstrengthen enforcement\u201d of what is known inside the prestigious investment house as the \u201cSaturday work rule,\u201d an unofficial company edict that attempts to protect particularly junior staffers from spending weekends in the office.<\/p>\n

\u201cDavid Solomon is the worst,\u201d one employee said referring to Solomon\u2019s management style. \u201cNo one likes him.\u201d<\/p>\n

This employee isn\u2019t alone. Internal surveys showed that first-year analysts complain they are suffering mental health issues, sleep deprivation and other physical ailments because they are forced to endure 100-hour-plus work weeks to keep up with a boom in trading and investment banking deals.<\/p>\n

Solomon has also faced criticism for demanding that employees end their work-from-home pandemic routines while he uses the company jet to fly to his mansion in the Bahamas to conduct company business.<\/p>\n

Solomon has also faced criticism for demanding that employees end their work-from-home pandemic routines as he uses the company jet to fly to his mansion in the Bahamas to conduct company business.<\/p>\n

On the other hand, under Solomon, Goldman has exploited the current Wall Street run better than almost anyone. Shares are up 148 percent over the past year, more than double the return of the S&P 500 index and even beating top competitors like JP Morgan.<\/p>\n

Investors are embracing Solomon\u2019s work habits \u2013 even if employees aren\u2019t. They point out that working 100-hour weeks is a rite of passage at Goldman, and a ticket to the coveted, \u201cpartnership\u201d status at the firm. Partners earn some of the highest salaries on Wall Street.<\/p>\n

They also chalk up the complaints to little more than Millennial angst, and they don\u2019t want Solomon to change course. Who do you think he\u2019s listening to more?\n <\/p><\/div>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Goldman Sachs CEO doesn’t care if you hate him” Goldman Sachs CEO David Solomon says he feels your pain. Just don\u2019t 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,…<\/p>\n","protected":false},"author":1,"featured_media":208595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/david-solomon-2.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[98798,80286,70789,70790,70360,74822],"class_list":["post-208594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-22-21","tag-bankers","tag-david-solomon","tag-goldman-sachs","tag-wall-street","tag-work-life-balance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=208594"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/208595"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=208594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=208594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=208594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}