Goldman Tells Its Nervous Expats to Stay Put In Tokyo, Or You Lose Your Job

Oh boy. Goldman Sachs drives its employees just like TEPCO drives subcontractors on the troubled plant.

I'm sure there will be trades that Goldman cannot afford to miss...

From CNBC (3/28/2011):

At least four Goldman Sachs executives flew into Japan last week to speak with nervous ex-pat employees about radiation fears, according to a person familiar with the situation. They also conveyed another message: don't leave Japan and don't leave Tokyo.

Employees at the investment bank's Japan offices are worried about radiation levels affecting their families, the person said. Many were asking if they could temporarily relocate out of the country or perhaps move to a location in southern Japan, farther away from troubled nuclear power plants. The were told that they should not leave Tokyo, according to the person.

Several meetings were held last week between senior Goldman executives and Tokyo-based employees. At least one meeting was held in a large conference room on one of the five floors of the Mori Tower in Tokyo, which houses Goldman's offices in Japan. Senior executives attending the meeting included Michael Evans, the firm's head of emerging markets and Asia chairman, and Ed Forst, the co-head of Goldman's investment management division. Lloyd Blankfein was testifying in the insider-trading case against Raj Rajaratnam last week.

"The message was clear: no one is to leave. If you do leave, you can't come back and expect to still work for Goldman," the person said. [This emphasis is mine.]

The article continues at the link.

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