{"id":300653,"date":"2021-07-15T21:40:56","date_gmt":"2021-07-15T18:40:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/morgan-stanley-ceo-doubles-down-against-working-from-home\/"},"modified":"2021-07-15T21:40:56","modified_gmt":"2021-07-15T18:40:56","slug":"morgan-stanley-ceo-doubles-down-against-working-from-home","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/morgan-stanley-ceo-doubles-down-against-working-from-home\/","title":{"rendered":"#Morgan Stanley CEO doubles down against working from home"},"content":{"rendered":"

“#Morgan Stanley CEO doubles down against working from home<\/strong>”
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Morgan Stanley boss James Gorman doubled down on his stance against working from home, saying there\u2019s no substitute for schlepping into the office and toiling with colleagues in person.<\/p>\n

\u201cI fundamentally believe the way you and I develop our career is by being mentored and by watching and experiencing the professional skills of those who came before us,\u201d the Wall Street mogul told analysts on a Thursday earnings call.<\/p>\n

\u201cYou can\u2019t do that sitting at home by yourself, there\u2019s a limit to Zoom technology<\/a>,\u201d Gorman added, asked whether he will allow employees to work from home.<\/p>\n

Morgan Stanley\u2019s hard-charging chief executive \u2014 who last month told employees, \u201cIf you can go into a restaurant in New York City, you can come into the office\u201d \u2014 has told staff if they don\u2019t return to the office by Labor Day, they could face a pay cut. <\/p>\n

Gorman also earlier slammed Zoom in an effort to encourage face-to-face meetings with clients, as The Post previously reported.<\/p>\n

But Morgan Stanley\u2019s top boss also seemed to soften his stance slightly on Thursday\u2019s call. He explained while he expected most people to work in the office, he would also allow employees flexibility moving forward. <\/p>\n

\u201cFor some people the flexibility makes great sense,\u201d Gorman said. \u201cWhen they have health issues or are looking out for family members for a few months we can manage that.\u201d<\/p>\n

One wrinkle in Morgan Stanley\u2019s plan to bring all employees back is they are prohibiting unvaccinated employees from returning. Still, Gorman is quick to point out the double standard of people who are out and about town but won\u2019t return to their desks. <\/p>\n

The debate over working from home has roiled major banks on Wall Street. At Goldman Sachs, most Big App<\/a>le staff were required to be back at their desks in June. JPMorgan Chase has brought back staff regardless of their vaccination status but is capping office capacity at 50 percent with a longer term goal of keeping 10 percent of the company\u2019s 225,000 workforce at home permanently.<\/p>\n

Meanwhile, UBS \u2014 Switzerland\u2019s largest bank \u2014 is striking a different tone than its American counterparts and is letting most employees permanently work from home at least some of the time. The bank is also holding off on setting a date for a return to the office.<\/p>\n

Citi, run by CEO Jane Fraser, cited childcare issues as the reason she\u2019s waiting to force staff back in. With schools, daycares and summer camps closed during the pandemic, childcare became an enormous struggle for workers and was a burden that largely fell on the shoulders of women.<\/p>\n

Earlier today, Morgan Stanley reported strong second-quarter earnings buoyed by aggressive acquisitions and a recovering economy.\n <\/p><\/div>\n

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

“#Morgan Stanley CEO doubles down against working from home” Morgan Stanley boss James Gorman doubled down on his stance against working from home, saying there\u2019s no substitute for schlepping into the office and toiling with colleagues in person. \u201cI fundamentally believe the way you and I develop our career is by being mentored and by…<\/p>\n","protected":false},"author":1,"featured_media":300654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/gorman-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[111926,73985,73986,5031,70360,74822],"class_list":["post-300653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-15-21","tag-james-gorman","tag-morgan-stanley","tag-the-workplace","tag-wall-street","tag-work-life-balance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/300653","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=300653"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/300653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/300654"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=300653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=300653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=300653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}