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Suits and Ties Now Optional, Goldman Sachs Hedges Dress Code

March 8, 2019

Suits and Ties Now Optional, Goldman Sachs Hedges Dress Code

March 6, 2019 | Elizabeth Dilts | Wealth Management.com

Goldman Sachs Group Inc said on Tuesday that it is relaxing the dress code for all its employees, a move once considered unimaginable for the Wall Street firm’s leagues of monk-shoed partners and bankers in bespoke suits.

The new “firm wide flexible dress code” was announced in an internal memo, which said the shift was due to “the changing nature of workplaces generally in favor of a more casual environment.”

The memo sent to the bank’s some 36,000 employees was penned by Chief Executive Officer David Solomon, a former investment banker who took the role in October, along with Chief Financial Officer Stephen Scherr and Chief Operating Officer John Waldron.

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