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Goldman Sachs Cutting Employee Perks

Goldman Sachs Tells Employees to Drink From the Tap

Normally, something like cutting free canned soda and bottled water from the list of employee perks wouldn't be news, but when the company in question is reputably rich Goldman Sachs the headlines will surely follow. The drink bins that were scattered around the company's offices were pulled from the floor and have left the traders to fend for themselves. While a Goldman spokeswoman wouldn't comment, one insider said, "When business declines you have to cut somewhere and perks are a lot easier to cut than jobs."

While the free beverages were a privilege to begin with, I'm sure having to run out of the office whenever busy traders want a Coke takes away from production. On second thought, I'm sure their assistants will get sick of running to 7-11 every hour to satisfy the cravings. Why not just provide sodas at cost and ask employees to deposit $0.50 on an honor system and make everyone happy? Oh, and as far as I know, their health benefits still include coverage for sex changes.


Join The Conversation
kwikwit kwikwit 9 years
I agree with Mintie, Savvy, it did read as though you were comparing free soda to gender reassignment. I checked out the link and that's obviously not what you were going for - but I can see why Grody got a little fired up.
Mintie Mintie 9 years
#1 Investment Banking firms are known for giving lots of perks. And yes, it is so their employees don't leave their desks and get more work done. #2 No, brokers will no go get their own cokes, they will, indeed, send their assistants [they probably already send them to the nearby bin to get them] #3 Honor system? If free lunch and free cabs and free sodas have taught brokers one thing it's to be cheap asses. They will not chip in to an honor system #4 I also thought it sounded like you were comparing gender reassignment to free soda. #5 I also work at an IB firm with lots of freebies [soda is not one of them], and I wouldn't be happy if they took these things away, but I would understand... and yes, it would be better than taking my job away.
terryt18 terryt18 9 years
Reaaroahr*, groby. *That's my written interpretation of that cat noise people make when they think two girls might have a catfight. Totally agree about the gender dysphoria, though. And the tap water. Yum, tap water.
mashi13 mashi13 9 years
Tap water is soo much better than bottled water anyway. It will help the environment by reducing the use of plastic bottles. I see this as a benefit for the earth, the company and the people. Tap water is actually a lot safer than bottled water, whose restrictions are a lot less and are rarely tested for contamination.
runnergeek runnergeek 9 years
every company i've ever worked for has given out free soda. i am in the tech industry..i think it is kind of silly to cut out free soda..but its better than cutting jobs..
Smart-Living Smart-Living 9 years
groby, If you click through to the link provided about Goldman's sex change coverage, I already talked about the fact that it wouldn't break the company's bank. The reference wasn't comparing it to free soda, it was just highlighting the policies of a company with such presence in the news. Savvy
JaimeLeah526 JaimeLeah526 9 years
That's a new one. Most companies don't give out free drinks do they? What are these people complaining about they could be out of a job instead.
groby groby 9 years
And if you had done any research on the sex change benefit, you would have found out that it actually costs a *lot* less than free soda - it's an extremely rare condition. The City of SF extends that benefit to all their employees at a cost of roughly 75 cents per employee per year. There's also the point that gender dysphoria is a serious medical condition that, if left untreated, can lead to severe depression, often even to suicide. But it's sure fun to compare it to free soda, I guess...
princessjaslew princessjaslew 9 years
haven't they heard of vending machines?
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