Wall Street has reason to worry about working from home


Financial services updates

The big bankers on Wall Street like to play it cool in public. As we say in New York, it’s their shtick — the technique they employ to win the trust of other participants in the financial markets.

So it has been discombobulating in recent months to see so many masters of the universe — JPMorgan Chase’s Jamie Dimon, David Solomon of Goldman Sachs, Morgan Stanley’s James Gorman — fretting so openly about the need for their employees to return to the office.

Their proclamations have been buttressed by high-minded sentiments emphasising the importance of mentoring younger employees, building cohesive teams and promoting diversity. But their tone has been different — irritated, if not insensitive to the concerns of staff worn down by the demands of hours-long commutes.

The fact is bank executives have more reasons to…

Read more…