Bloomberg Wealth: High Pay, Unlimited Vacation. Welcome to Wall Street

If you had an endless number of vacation days, would you take as many as you could? The obvious answer might be “yes.” But I have a sneaking suspicion the type-A readers of this newsletter might end up saying “no.”

A recently disclosed memo to staff at Goldman Sachs showed the Wall Street bank will allow senior staff to take an unlimited number of vacation days. Lower-level employees will get two extra days off each year and from 2023, all employees will be required to take three weeks off, including at least one full week.