- Advertisement -

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


- Advertisement -

Goldman Sachs CEO David Solomon’s long-delayed initiative to transfer senior executives at the agency’s headquarters nearer to the rank-and-file has lastly come to fruition — and it’s rankling higher-ups and underlings alike, sources advised The Post.

Top brass, together with Solomon, have descended from their plush places of work on the forty first ground to a grid of cubicles on the twelfth ground. It’s a part of a plan first introduced in December 2019, although the pandemic lockdown meant the transfer didn’t really occur till this summer season.

In an inner memo asserting the transfer, Solomon stated he needed executives to be nearer to The Sky Lobby, which is on the eleventh ground of Goldman’s 44-story, $2.1 billion glass tower. The foyer is filled with couches and occasional for that all-important buzzword of enterprise: collaboration. Indeed, the financial institution posted an image on social media in June that confirmed workers and interns hanging about within the area, which additionally has a cafeteria and fitness center.

“The Sky Lobby was specifically designed to be the hub of this office,” Solomon wrote of the area at 200 West St. in downtown Manhattan. “There is a natural ‘buzz’ there, and I want our leadership team to be part of it.”

With execs only one ground away — accessed by spiral staircase — the concept was they’d be extra “accessible” to on a regular basis workers, an individual shut to the financial institution advised The Post.

Sky Lobby at Goldman Sachs HQ
David Solomon moved executives nearer to the Sky Lobby to make them extra accessible to workers.
Goldman Sachs

“You didn’t find a lot of enthusiastic support for the idea,” the particular person stated.

And Solomon isn’t precisely milling about, chatting with the hoi polloi. “David is travelling all the time and everyone else is stuck there on 12,” the particular person stated of the execs’ new ground. “Ninety percent of the time, he is away from his desk,” one other particular person added.

The bigwigs on 12 have partitions to separate their areas they usually every have a convention room for conferences.

In a press release to The Post, Goldman spokeswoman Andrea Williams stated, “The new space on 12 is modern and open, joining us with other innovative companies in designing a flexible floor plan that invites and engages.”

Goldman Sachs headquarters exterior
Goldman’s 44-story headquarters at 200 West St. now has execs on the twelfth ground.
AFP by way of Getty Images

“Some may quibble about the color of the comfy green chairs – but our employees and executives overwhelmingly agree it’s a great space to meet, catch up and grab a coffee with colleagues,” she stated.

The area price north of $10 million to construct out, in accordance to individuals with information of the matter.

While one supply applauded the transfer as a “good impulse to be closer to people,” the fact is executives are simply as distant as they have been earlier than. “The 12th floor is up a spiral staircase, so you have to go upstairs to see anyone … no one is just going to wander by,” a supply advised The Post.

And some executives are mourning their Hudson River views and soft places of work. “Most people have just ended up working from their conference rooms,” one other particular person stated.

Goldman Sachs headquarters
The headquarters of Goldman Sachs towers over downtown Manhattan
Corbis by way of Getty Images

- Advertisement -