The chief executive of Goldman Sachs has praised the group of disgruntled junior investment banking analysts who presented concerns about their workload to management last month, and committed to easing the strain on employees.
“It’s great that this group of analysts went to their management,” David Solomon said in a voice memo sent to bank staff on Sunday evening. “We want a workplace where people can share concerns freely.”
In response, the CEO said the bank would step up enforcement of the “Saturday rule” forbidding junior bankers from working from Friday at 9pm until Sunday morning, among other measures.
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