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by hellogoodbye 1917 days ago
read Matt Levine's take on this https://www.bloomberg.com/opinion/articles/2021-03-18/goldma...

most interesting bit:

> What I said then is that what is bad for junior-employee lifestyle is generally good for the firm; the fact that everyone is working too hard means that there’s a lot of lucrative work to do:

> “We recognize that our people are very busy, because business is strong and volumes are at historic levels,” said Nicole Sharp, a spokeswoman for Goldman Sachs. “A year into Covid, people are understandably quite stretched, and that’s why we are listening to their concerns and taking multiple steps to address them.”