Morgan Stanley CEO to NYC workers: Be back in the office by September or else

The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall.

6/16/2021 11:17:00 PM

The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall.

The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall.

"If you can go to a restaurant in New York City, you can come into the office. And we want you in the office," Gorman said.Gorman made the comments Monday at an annual conference about financial payments and commercial real estate. He joked that he was doing so from the company's New York office — and while wearing a suit and tie to boot.

'Back in the Zone': SB19 may virtual concert bilang pasasalamat sa fans Boxer Petecio advances to final, one win away from Olympic gold Olympics: Carlo Paalam beats Algerian foe to enter flyweight quarterfinals

Gorman said that many Morgan Stanley employees have already started to slowly make their way back to the firm's headquarters at 1585 Broadway in Times Square a couple of days a week.But Gorman said that once the summer is over, most of the New York workers will need to be getting off Zoom and taking the subway into the office more regularly.

"By Labor Day, I'll be very disappointed if people haven't found their way into the office and then we'll have a different kind of conversation," he said, adding that workers can't expect to get their New York salaries if they continue to work remotely. headtopics.com

"If you want to get paid New York rates, you work in New York," Gorman said."None of this 'I'm in Colorado...and getting paid like I'm sitting in New York City.' Sorry. That doesn't work."Gorman was quick to note that the company would still be flexible with regards to splitting time between at home and the office. He said the policy would not be"dictatorial," noting that many working parents still need to be home with kids if they're not in school or camp.

Gorman also noted that he hopes that most Morgan Stanley workers coming back to the office would be vaccinated, saying that"well over 90%" of employees already had received Covid-19 shots and that he expected that number to eventually reach 98% to 99%.

But Gorman conceded that some employees may not get vaccinated for health or religious reasons and that the company will deal with that.Gorman was also quick to note that the company's policy for returning to the office would be looked at on a case-by-case business. The company has offices around the globe and also recently bought online brokerage E-Trade and investment management firm Eaton Vance.

Morgan Stanley has 10,000 employees in India, which has been hit particularly hard by Covid-19 recently."They're not coming back to work," Gorman said."That's not a 2021 issue.""I don't think making a blanket statement to all employees is helpful," he added."I don't think speaking to employees who work at 1585 Broadway in Times Square is the same as speaking to a small office in Topeka." headtopics.com

#LabanPilipinas: Petecio, Paalam, Obiena give PH reason to celebrate on Olympic Saturday Boxer Petecio advances to final, one win away from Olympic gold Nesthy Petecio two wins away from Philippines' first Olympic boxing gold Read more: CNN Philippines »

Robredo counters Duterte's SONA, outlines pandemic plan in 14 minutes

Vice President Leni Robredo says the Duterte government needs ‘laser-like focus’ in fighting the COVID-19 pandemic

LIVE UPDATES: Jazz vs Clippers, Game 4 – NBA Playoffs 2021AT THE HALF: The Los Angeles Clippers continue their blowout of the Utah Jazz with a 68-44 lead! Catch LIVE UPDATES of Game 4 of the Western Conference semifinals here! NBA NBAPlayoffs TakeNote ClipperNation

DepEd eyes ‘August, September’ school opening for SY 2021-2022Good call! magpaba kuna ka muna sa mga tauhan mo! nakakasigurado ka ba at iniasa mo sa LGU lahat?

Wall Street retrenches and awaits Fed while oil surgesWall Street takes a step back on Tuesday, June 15, with all three major indices dropping.

DOH ‘repurposes’ hospital workers’ allowanceMANILA, Philippines — The Department of Health (DOH) had “repurposed” or already spent on other COVID-related matters the funds originally intended as allowances of public hospital employees Salamat nalang daw sa inyong serbisyo.

San Miguel starts vaccinating company workersSan Miguel Corp on Wednesday said it has officially started its P1 billion vaccination program for its workers and their families with the launch of its first vaccination site at La Salle Green Hills in Mandaluyong City. Sana nagtindero na lang ako ng san mig light…

'Bakuna nights': QC gov't launches night time COVID-19 vaccination for workersThe Quezon City local government said the night time vaccination, dubbed as 'QC Bakuna Nights', would open at 6 p.m.