The CEO of Goldman Sachs says it’s “great” a group of young analysts raised concerns about working conditions but urges them to go an “extra mile.”
A group of 13 US employees at investment firm Goldman Sachs mocked up a presentation in which they complained of 95-hour working weeks and “inhumane” conditions amounting to abuse.
CEO David Solomon said in a public statement that “it’s great that this group of analysts went to their management,” but added that going an “extra mile” could make a huge difference for the bank.
In his address to the investment bank’s 34,000 staff worldwide, Mr Solomon said he expected Goldman Sachs to continue to face high demand from clients and stressed the need to meet the challenge, saying hard work brought rewards.
Solomon’s comments came as rival Citigroup announced a “Zoom-free Friday” for overworked staff.
The Goldman analysts sent their complaints to bosses in February, but it only became public last week.