World news – Goldman Sachs bosses are reportedly buying snack boxes for burned-out bankers


Goldman Sachs bosses bought boxes of snacks for their UK subordinates to respond to concerns about stressful hours affecting their health, according to a new report.

Managing directors paid out of pocket, to buy the bundles of fruit and other nibbles for burned-out junior bankers from Megabank’s London office, the Guardian reported Tuesday.

Some low-ranking employees told the newspaper they appreciated the small gift, but one banker reportedly said « Goldman as an institution needs to recognize the intense demands that are expected of its peons.

 » What we need is not a gesture from [managers], but from the company, « the banker told the Guardian.

It is unclear when the managers shipped the snack boxes. The news of the move, however, came amid other leaks of long hours of upheaval and other intense working conditions among the Wall Street power plant’s junior staff.

In a PowerPoint presentation posted on social media earlier this month, explained 13 first-year analysts had a punishment routine where they worked 20-hour shifts and struggled with poor mental health.

Goldman’s subordinates also considered the bank not giving them meals or computer equipment last April reimbursed after starting work from home during the COVID-19 pandemic.

Goldman CEO David Solomon last week promised to strengthen the company’s Saturday work rule and increase the number of junior employees Hiring bankers while hiring some other staff to help busier departments.

He i However, we haven’t followed the lead of Jane Fraser, CEO of Citigroup, who banned Zoom video calls on Fridays, encouraged employees to vacation, and planned a company-wide vacation for May 28.

Credit Suisse is giving investment bankers a bonus of $ 20,000 to offset an « unprecedented » pandemic workload, while Jeffries offered free exercise equipment, including expensive peloton motorcycles, to more than 1,100 junior workers, according to the Guardian.

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