Deals
Goldman Irks Bankers With New Rules on Mobile Perks
- Bank introduces new mobile data, voice reimbursement plan
- Dealmakers are said to wince over latest cost-cutting measure
Why Were Goldman Sachs Bankers Denied Bonuses?
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Goldman Sachs Group Inc.’s dealmakers endured job cuts and a tough bonus season. Then the penny pinchers turned to their beloved phones.
In a push to cut costs and shift employees from BlackBerry devices to personal mobile phones, the firm is imposing a new policy around the world for reimbursing data and calling expenses, according to an internal memo seen by Bloomberg.