Sunday, October 17, 2021

Execs peeved at Goldman CEO for moving to floors with ‘rank-and-file’ workers

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Goldman Sachs CEO David Suleiman’s long-standing initiative to bring senior executives closer to their positions at the company’s headquarters has paid off, and this has put both senior and lower-ranking employees in the rankings.

The top brass, including Solomon, descended from the 41st floor offices to the 12th floor fences. This is part of a plan first announced in December 2019, but the pandemic blocking meant the move would not have happened until this summer.

In an internal note announcing the move, Solomon said executives want Goldman to be closer to The Sky Lobby on the 11th floor of its 44-story, $ 2.1 billion glass tower. The lobby is full of sofas and coffee, the most important words of this business: cooperation. In fact, the bank posted a picture on social media in June depicting employees and interns hanging in the space where the kitchen and gym were located.

“The Sky Lobby is specifically designed to be the center of this office,” Solomon wrote of the location at West St. 200 in downtown Manhattan. “There’s a natural ‘noise’ out there and I want our leading team to be part of it.”

Executors were just a floor away – from the spiral staircase – they predicted it would be “more convenient” for ordinary employees, a man close to the bank said.

David Solomon brought the managers closer to the Sky Lobby so they were more comfortable with the staff.

“You didn’t enthusiastically support the idea,” the man said.

And Solomon talks to hoi polloi and doesn’t speak very well. “David always travels, and the rest stay at 12,” he said of the executive’s new floor. “Often ninety percent of it is away from the desktop,” added another.

The 12-year-old women have compartments to separate spaces, and each has a conference room for meetings.

In an interview with The Post, Goldman spokeswoman Andrea Williams said: “The new area of ​​No. 12 is modern and open, adding to the development of a flexible floor plan that we can offer and engage with other innovative companies.”

Exterior of Goldman Sachs headquarters
Goldman’s 44-story headquarters, located at West St. 200, now has executors on the 12th floor.

“Some may talk about the color of comfortable green chairs, but most of our staff and managers agree that it’s a great place to meet colleagues and have coffee,” he said.

According to people familiar with the matter, $ 10 million was spent in the north to build the venue.

While one source hailed the move as a “good incentive to be close to people,” the truth is that leaders are as far away as ever. “The 12th floor is on a spiral staircase, so you go upstairs and you don’t see anyone … no one can turn around,” the source told The Post.

And some managers cry for Hudson River views and cozy offices. “A lot of people have just started working from conference rooms,” said another.

Goldman Sachs headquarters
Goldman Sachs is headquartered in downtown Manhattan

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