The chief executive of Morgan Stanley has become the latest US banking boss to call for an end to remote working, telling his New York staff that anyone who feels safe going out to a restaurant should return to the office.
However, in the US, where nearly 90% of staff in its New York headquarters had been vaccinated, the chief executive said he was issuing a “very strong” message to staff to get back to their desks by Labor Day on 6 September.
He also said bankers could not expect large paycheques if they worked away from Wall Street. “If you want to get paid New York rates, you work in New York. None of this: ‘I’m in Colorado … and getting paid like I’m sitting in New York City.’ Sorry, that doesn’t work.”
Lol he did not pull any punches in his statement
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Don't all reputable banks pay the same base regardless of location anyways lol? Any slight different in bonus would be more than covered by COL differences in cheaper places too.
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