Be Careful Wearing Jeans at Goldman
Also CDS triggers and securities fraud.
Goldman Sachs Group Inc., like most U.S. investment banks, has had a business-casual dress code since the dot-com bubble of the late 1990s and early 2000s. But now it has a new chief executive officer, and I suppose each Goldman CEO has to put his own sartorial stamp on the firm, or at least send a memo about it. Bloomberg News yesterday published Goldman’s new “Firmwide Dress Code” memo, which, in classic Goldman fashion, emphasizes clients and teams and a “one firm philosophy,” but does not describe the dress code at all:
“All of us know what is and is not appropriate for the workplace”? Look: You wrote those words in a memo changing what is appropriate for the workplace. Something was inappropriate for the workplace yesterday that is appropriate today. But you don’t say what it is! “All of us know”! Somehow!