NYP: Goldman Sachs has been hit by a wave of defections, and the atmosphere at the financial giant is at “an all-time toxic high right now,” The Post has learned.
Six overworked first-year bankers quit and walked out en masse from the bank’s 200 West Street headquarters Wednesday after getting news of their bonuses, sources told The Post.
Their departures have been followed by others in the same division — as everyone from chief executive David Solomon on down — constantly stresses the need to “perform, perform, perform,” sources told The Post.
“People are on a whole new level of edge … given the economic climate,” a source told The Post. “We’re being threatened to perform or be cut.”
he six first-year bankers and one second-year banker were members of the healthcare desk and left after being run-into the ground and “treated terribly” by higher-ups, sources told The Post. more here
Try carrying bricks for $2.75/hr back in the early 70s and see how you were treated.
Who’s cryin now?
Probably weren’t allowed to fuck off 45 min./hr.
mortem tyrannis
izlamo delenda est …
Yeah, yeah, yeah, everybody’s got horror stories about first jobs. Back in 1972, I had to take a measly $3.75 per half hour for teaching kids how to play the guitar.
“$7.50/hr was HUGE in 1972!” you say. You’re right except for the fact that I worked all of 90 minutes per week. AND I had to clean out the music school’s basement off the clock.
I wonder what the average FED worker gets an hour?? Not including benefits. (most likely it’s redacted) When is Joey going to start over working them and himself?
“I need to check Facebook every ten minutes!”
I met my wife in L.A. when she was a first-year associate at a large law firm (she ultimately made partner). The nature of the work revolved around “billable hours”, and it was assumed that you would put in 60 hours a week minimum with the more ambitious doing considerably more. Many first years didn’t make it to second years.
I sympathize with these workers but they knew going in, just like first-year lawyers or doctors or any other worker in a demanding field, that the grind was designed to separate the wheat from the chaff. And if you find yourself lacking, maybe you aren’t cut out for this line of work.
Liberals treat everyone like feces.