Work
Wall Street Is Paying Bankers More Than Ever to Cloak a Brutal Work Life
As young workers quit or face burnout, companies are trying to turn the tide with raises, bonuses, vacations and even free Pelotons.
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Rooms at the Fairmont Royal Pavilion, perched on the platinum beaches of Barbados, can run north of $1,000 a night. Catch the catamaran snorkel cruise in the morning; be back ashore in time for the royal afternoon tea.
For some employees of Houlihan Lokey Inc., an offer is now on the table: A five-night stay at this Caribbean retreat, on the investment bank’s dime — a reward after a year of record profits. It also represents a silent plea to the company’s junior employees: Please don’t quit.