Home > Uncategorized > Wall Street puts holiday parties on ice

Wall Street puts holiday parties on ice

Wall Street puts holiday parties on ice

In years past, Wall Street financial firms have spent tens of thousands of dollars or more (reportedly $1.2 million on one party at Barclays) on lavish holiday parties.  Most financial firms on Wall Street are canceling their plans for holiday parties this year out of fear of the bad press. 

This is great news for once.  These banks many that own millions of dollars to the government are actually doing something to help reduce their unnecessary expenses and pointing them in the right direction of paying off their debt to the American Taxpayers.

Categories: Uncategorized
  1. safraser46
    December 3, 2009 at 1:15 am

    Ethically this idea makes sense. These companies owe millions of dollars to the government and are cutting down costs to pay off this debt. But is this decision morally wrong for the employees of these companies? These workers have the same worries and stress as other workers through out the U.S.. They are always at jeopardy of losing their jobs just like everyone else. Do they not deserve a party to release some of their stress and let some steam out? Although spending rediculous amounts of money on parties may not be necessary, they deserve some type of party to celebrate all the hard work they have been doing and feel a sense of appreciation. Workers who feel recognized and appreciated tend to work better and ultimate produce greater results.

  2. twinpate
    December 7, 2009 at 2:13 pm

    Honestly, I don’t have a problem with holiday parties. If a company has a clean successful year and they want to celebrate that, I don’t see the ethical issue here. If a company has had to ask for government assistance that year it would be in bad taste to celebrate a financial year that was unsuccessful.

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