Bank of America exec rejected staff COVID-19 fears: CNBC transcript - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A leaked audio transcript showed a Bank of America exec rejecting concerns of staff who didn't want to come to the office for fear of the coronavirus

Fabrizio Gallo, global head of equities and a powerful figure at the Wall Street bank, told colleagues on a March 25 conference call that the productivity of office-based staff in critical roles should come before their fears of getting sick, according to CNBC.

"Of course, we are going to entertain special cases but not the 'I don't feel comfortable, sorry.' It doesn't work that way over the long term," Gallo told senior colleagues, including Glenn Koh, global head of equities trading and Cyrille Walter, global head of equity derivatives, according to a transcript of the audio from CNBC.A Bank of America logo.

"So, people have to understand that too. You cannot on one hand say you cannot trust the firm and on the other hand get the money from the firm, for a long period of time if you are in a critical function," Gallo said, according to CNBC. "Now if people decide they don't want to be in a critical function we can have that conversation too."A currency trader watches computer screens in Seoul, South Korea, Thursday, April 9, 2020.pledging to put employees needs first amid the outbreak.

"To employees, our principle is to keep you safe," the letter said. "We will continue to do everything we can to protect your workplace, and to help you to adapt to the new working conditions.""The premise of this conversation is that after a period of time and the government and health officials have said that it is safe, people will need to come back to work and we know people will have personal challenges and we will need to help them plan for that.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Can we put this guy in Times Squares? This is so sad.

moonbreeze2 When is BoA not horrible?

Human short term plans

BoA right now

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

After a frenzied rush to file for small business loans, entrepreneurs nervously wait on bank approvalsStrong demand for the small business relief program is “a really good sign for what the economy might look like 2-3 months from now,” Labor Sec. Eugene Scalia says. Joe come on.🙄 Is China back to normal? Had their stock market oversold like ours? China is also giving investors hope. How many are going to fold and never come bacK?
La source: CNBC - 🏆 12. / 72 Lire la suite »