Back in the day, as in 2007, Wall Street compensated its employees in a way that made them feel loved. In a way that allowed them to repress the true passions they would have been going after if the price were not oh so right. Now, obviously, not so much. Combine that with suffocating regulation and you've got a bunch of financial services hacks who are saying fuck this shit-- I refuse to waste another day here while my dream of opening a line of Russian saunas in New Jersey slips away. So far just one guy-- a Goldman trader in Moscow-- has said that, but presumably the floodgates are about to open.
Goldman Sachs Group Inc.’s chief equity trader in Moscow, Peter Kizenko, said he quit to return to New Jersey and finish building a commercial Russian sauna. Kizenko, who was born in New York, said he decided to return after 18 years in Moscow because of the growth of electronic trading and declining compensation in the industry...The banya tradition dates to the 11th century in Russia. A wooden log shed is heated by an electric or wood-burning stove to well over 80 degrees Fahrenheit. Copious amounts of water are poured on the heat source to bring the humidity to about the same level. A visit to a banya begins with several rotations in and out of the steam room to allow the body to warm up. Naked bathers typically beat one another with birch or pine branches before plunging into cold water or rolling in snow to cool down. There are about five to seven banyas already in the New York, area according to Kizenko, who considered opening one in London until he saw how expensive the rents are. “There are a few in Brooklyn and Manhattan, but the aesthetics are not up to scratch,” Kizenko said by phone today. “We are going for a mixture of the contemporary and the classical of Sanduny in Moscow.” Kizenko had his banya, called Bear and Birch, made in Russia and shipped to the U.S., he said.
Grand opening invite TK.