In recent market commentary posts we’ve discussed the emergence of new roles in the corporate world as indicators of what’s to come for office work. However, Goldman Sachs CEO David Solomon, stated that remote work is nothing but an ‘aberration’ that will be corrected quickly.
“This [remote work] is not ideal for us and it’s not a new normal,” Solomon said at a Credit Suisse Group AG conference. “It’s an aberration that we are going to correct as quickly as possible.”WealthManagement.com
Solomon, whose assertion comes from dealing with and interacting with other CEO’s of his stature, thinks that new growing remote work culture will not gain much traction as legislature and vaccines bring promise for a return to normal. In fact, Solomon can not wait to fill up his offices again. He is one of the main business leaders pushing governments to devise legislature that will bring back employees.
Where vaccines bring promise they are also the cause for delays on the path to normalcy. Solomon described the vaccine rollout as “botchy.” While we are seeing more discourse on potential ways to boost remote work, there are still proponents of the idea. The office environment of the past may depend on how well the ongoing return to school is handled.
“I am very focused on the fact that I don’t want another class of young people arriving at Goldman Sachs in the summer remotely,” Solomon said.