Massive government support for companies, particularly in Europe, is keeping many firms afloat and delaying the kind of lucrative takeover deals that have put M&A advisors at the top of the investment banking world, bankers and lawyers said.
“Ensuring the physical safety of employees is the prime business reason to work from home and in this new normal, the focus needs to shift to protecting employees from other risks so they are well and can support - not sue - their employer.” “For many high achieving City workers that is an area of their lives which they may have neglected, and participated in only from a distance. Rebalancing the power relationships at home with partners is a particular challenge at the moment.”Still, investment bankers, with their bumpers salaries and bonuses from years past, can afford more palatial setups than most employees working from home during the health crisis.
Vardag told Reuters that inquiries from financial sector employees and their spouses jumped 170% in the week to May 27 as British lockdown restrictions began to ease, with some choosing to call time on their marriages before bonus cuts and layoffs damaged prospective settlements. Instead of knocking on a partner’s door to discuss ideas, some juniors said they had to lobby line managers to set up a call with their bank’s top rainmakers.
Story tells it all ..a parallel and unnatural world