It's no longer 2020, and that respite from the relentless monotony of office life is over. lopezlinette says Wall Street must empty the beach and go back to the office. ⬇️ longreads
. Felty said that now, in contrast, the action was on what amounts to the Hampton's lower end, around the $3 million range.For over a year, I have been warning my finance friends and acquaintances not to get too comfortable — that they were out of their minds if they thought that Wall Street CEOs such as JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon wouldn't call all their war dogs back to their midtown Manhattan offices.
A return to the office also means a return to more-classic Wall Street social norms. A visit to the Hamptons was always a rite of passage for young people in the industry. But earlier in the pandemic, that rite of passage turned into something of a welterschütternd moment — when the world is turned upside down. In all the chaos COVID-19 wrought, there came to be a sense of some kind of parity for all bankers — from underlings to their senior task masters.
During that horrifying period in 2020, it seemed out of place for a CEO to reprimand a junior employee for enjoying the same hiatus from New York City's tightly packed apartment buildings as he did. But under Wall Street's traditional hierarchy, it's a given that a CEO gets to enjoy more time"out east," as they say, than his underlings.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Return to office, recession fears end Wall Street's Hamptons work-from-home partyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Wall of waste: Biden ending Trump wall leaves border rancher with field of 'rusting' steelDEMING, New Mexico — Millions of dollars of steel are wasting away in the high desert after being neglected by the federal government for two and a half years since President Joe Biden halted Trump-era border wall construction.
Les mer »
Top Wall Street analysts favor these stocks for the long haulTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Amazon and Micron.
Les mer »
TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion, Wall Street Journal reportsBuyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter.
Les mer »
House GOP treads lightly in culture war on Wall StreetWhile framing criticism of ESG as holding Wall Street to account, House Republicans appear to be picking spots where they’ll minimize friction with the financial services industry.
Les mer »
Fox News Viewership Tumult, Cord-Cutting Risk Leads to Wall Street Ratings DowngradeWells Fargo's Steven Cahall cut his Fox Corp. price target by $4 to $31, arguing that after the Tucker Carlson exit, 'while the new primetime lineup could drive a rebound, we think Fox News is a show me viewership story.'
Les mer »