Goldman Sachs CEO David Solomon released a new single on Friday under his musical alter ego, DJ D-Sol, and many are joking that the title, Learn to Love Me, is a dog whistle for employees returning to in- person works Monday.
In May, Solomon sent a memo to his approximately 20,000 American employees explaining that they are expected to return to the Wall Street giant’s New York City offices in the financial district by June 14.
Earlier this week, Solomon sent his employees another memo, obtained by the New York Times, saying they must disclose their vaccination status by June 10 before returning.
All 20,000 US employees at Goldman Sachs are expected to return to work in person on June 14
Goldman Sachs CEO David Solomon has long opposed the idea that working from home is the ‘new normal’, once calling it a ‘deviation’
While employees are not required to provide their vaccination card, Goldman Sachs requires that they provide the date and maker of their vaccine.
“By registering your vaccination status, we can plan for a safer return to the office for all of our people, while continuing to adhere to local public health measures,” the staff note reads. “This makes it mandatory to report your vaccination status. While we strongly encourage you to get a Covid-19 vaccine, we understand that the choice of getting vaccinated is a personal one.”
Employees were instructed to register their status in the bank’s internal app, Canopy. The company said it can be shared with managers and used for scheduling.
The company first reopened its offices and buildings to employees on May 17, causing a gradual return of staff.
Goldman’s return to the office gained momentum in March when Solomon said the company has an obligation to its 5,400 interns, analysts and employees to let employees work with each other personally.
Solomon has previously spoken out about his opposition to working from home. In February, at a Credit Suisse virtual conference, he said it was a “deviation” and said this is not the “new normal,” insisting the company would try to resolve the remote work situation “as soon as possible.” ‘ to correct’.
When making the comments, Solomon noted that he didn’t want the incoming class of 3,000 new recruits arriving remotely because he feared they wouldn’t get the “direct mentorship” they needed.
“I’m very focused on the fact that I don’t want another class of remote young people arriving at Goldman Sachs in the summer,” he said.
Solomon joined Goldman Sachs as a partner in 1999 and climbed the corporate ladder until becoming CEO in October 2018 and chairman in January 2019.
According to CNBC, Solomon made $27.5 million in 2019, but his pay was cut by $10 million in 2020. Despite 2020 hitting its highest revenue increase since 2009 at $44.56 billion, Solomon faced a 36 percent pay cut due to the company’s involvement with the 1Malaysia. Development Berhad scandal.
Goldman Sachs raised $6.5 billion in three bond sales for the 1Malaysia Development Berhad government fund between 2012 and 2013. The Malaysian and US authorities discovered in 2015 that $4.5 billion had been siphoned out of the fund by the leaders and used for a variety of personal, luxury expenses. Goldman Sachs reached a $2.9 billion settlement for its involvement in raising the money.
Solomon stars as DJ D-Sol and released his latest single Learn to Love Me on Friday, featuring One Republic’s Ryan Tedder.
From former interns to junior associates, Goldman Sachs has faced public criticism and backlash throughout 2021. In January, a former intern named Emily shared a YouTube video describing her experience during her 2016 internship as the “stage from hell.” She called it a “traumatic” and “cutthroat” program where she worked from 5:40 a.m. to 9:30 p.m. without having her own desk.
Then, in March, a group of junior bankers created a PowerPoint presentation complaining about conditions such as working 100 hours a week. Some of the 13 analysts who made the presentation said they would retire by the summer if conditions did not improve. One of them claimed his experience with Goldman was “perhaps worse” than his childhood in foster care. The PowerPoint leaked to the media and days later, Solomon swore to employees that he would work harder to release them on Saturday.
Solomon has been criticized by his employees for playing lavish gigs while some of them can’t get a day off
Workers said it’s just rubbing salt in the wound to see Solomon on the heels of his EDM career, playing lavish gigs in the Hamptons, as they struggle to get a full day off.
“It’s one thing when you go out with your family and another to be on Page Six,” an employee told the New York Post.
Solomon praised his new single, featuring One Republic’s Ryan Tedder, on his Instagram page ahead of Friday’s release. Ryan Tedder did not promote the song on his Instagram or Twitter accounts.
Many took to Twitter to mock DJ D-Sol’s latest release, with user Joggo writing in a post that the song’s remixes “You MUST love me” and “I don’t care if you love me, as long as you LOVE from our clients.’
Twitter user InnocenceCapital joked that the caption was “Learn to love me, but if you’re not PMD, look at my feet if you dare to talk to me,” with PMD referring to a senior executive.
Twitter user Karl Yang said workers can’t escape Solomon even on protected weekends, but at least analysts are switching from “addy to molly,” a reference to work and club drugs.
But taking his music career seriously, Solomon is signed to Payback Records, the record label he launched in 2018, and donates the proceeds from his music career to non-profit organizations working to fight the epidemic of opioid addiction in America. According to the website, Solomon launched the record label “with a vision for building a socially conscious music business.”