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Goldman’s Move to Unlimited Vacation Is Good for … Goldman



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When Goldman Sachs — the investment bank known for its hard-charging culture — recently told its senior bankers that they could take off as much time as they wanted, the policy shift immediately catapulted it into the ranks of America’s most employee-friendly companies.Managers should “take the vacation they need so they can continue to run hard, be competitive, run productively, but take care of their families,” David M. Solomon, Goldman’s chief executive, told CNBC.But the bank’s move hasn’t led to much cheering at a place where employees build their careers on being available to clients any time, anywhere. Goldman, in particular, has long prided itself on that ethos — so much so that its leaders rarely use all their holidays and often forgo o …

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