“Straddle over a Japanese-style toilet every day.” Read more »
Back in August, it was revealed that Goldman Sachs had added a disturbing element to its cost-cutting efforts: plant murder. The lobby philodendrons? Gone. Boston Ferns by the elevator? To the dumpster. The third floor Geraniums that lined the windows? Left for dead.
The While every bank on Wall Street is bracing for serious reductions in staff, compensation and “extras,” Goldman had been the only one to date that choose to commit genocide to help its bottom line. Employees were, understandably, shocked by the decision, which reportedly “provoked disquiet at the bank,” with some putting their jobs on the line to “block the move, leading to a stand-off between the plant pickers and staff. In some cases, a solution was found only after employees agreed to sign forms guaranteeing to take responsibility for particular plants.”
At the time, other institutions scoffed at the seemingly heartless move to save a few bucks, claiming you’d never catch them following suit. And yet? According to the Times, Goldman is not alone. Read more »
Goldman Sachs announced yesterday that it has so far been hit with six shareholder suits (on top of the SEC stuff, and in addition to a little criminal investigation by the Justice Department). And that’s fine, it’s no real sweat of Lloyd’s sack, or the sacks of Gary Cohn, or Lucas van Praag, either. Sure, it threatened to disrupt the trifecta’s viewing of last night’s Real Housewives of New Jersey premiere but that was really it. An annoyance, yes, but one they’ve vowed to get used to, as suing GS is de rigeur among the peasants these days. If you think any of this is actually hurting them, as I’m sure many are hoping, you are sorely mistaken. The only time Lloyd feels pain is during the unfortunate times he runs into Viniar air-drying post soak and the obligatory bimonthly manscaping sessions downtown (you can’t dip them in liquid gold unless they’re completely hair-free). But you know who it is hurting? The children. Read more »