I'm not surprised at all but that's because I spent over 10 yrs on Wall St. Its culture hasn't changed much in all of these years, and they equate hustling with ABC attitude (Always Be Selling) lol Remote work brings a completely different set of tenets on how an organization can be designed, how to value your employees, and that's not something that Wall St is prepared to adopt. Its value system is in large part antithetical to that espoused by remote workers. Also, one of the most prominent rules in banking, and by extension Wall St, is KYC - Know Your Client, and they don't feel that they can get to know a client if they're not face to face with them. With digital transformations we've usurped this a bit, but hardly to the extent that it's needed to adopt remote work. Great read!
Good piece, Stefan. Keep it lit, as we say in Ireland 🇮🇪
I'm not surprised at all but that's because I spent over 10 yrs on Wall St. Its culture hasn't changed much in all of these years, and they equate hustling with ABC attitude (Always Be Selling) lol Remote work brings a completely different set of tenets on how an organization can be designed, how to value your employees, and that's not something that Wall St is prepared to adopt. Its value system is in large part antithetical to that espoused by remote workers. Also, one of the most prominent rules in banking, and by extension Wall St, is KYC - Know Your Client, and they don't feel that they can get to know a client if they're not face to face with them. With digital transformations we've usurped this a bit, but hardly to the extent that it's needed to adopt remote work. Great read!