Goldman Sachs draws a line in the sand on employee vaccination By Alexis Benveniste, CNN Business Updated 8:39 PM ET, Thu July 29, 2021 New York (CNN)All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies. And
although there's talk of banks requiring employees to show proof
of vaccination, Goldman Sachs has drawn its line in the sand. The investment bank is barring employees from using their ID cards to enter the office building if they haven't submitted proof of their vaccination status, a spokesperson for the company told CNN Business. Goldman's plan Goldman Sachs employees are currently required to report their vaccine status to the company, a policy that was instituted on June 10. Failure to do so comes with specific consequences. "If you do not report your vaccine status to Goldman, your ID card will not work to enter the building," a spokesperson for the company told CNN Business. "The entrance of the building is contingent on you reporting your vaccine status," the spokesperson added. Unvaccinated employees are required to get a rapid Covid-19 test on site at the Goldman Sachs office and will be tested regularly, the spokesperson said. Employees who test positive will immediately be asked to leave the building. How other banks are handling the return to work Morgan Stanley (MS)'s New York office is banning all unvaccinated staff and clients from entering its headquarters. All employees who work in buildings with a "large employee presence" were required to confirm their vaccination status by July 1, according to a memo to employees. At Deutsche Bank (DB), there are no restrictions on employees who are vaccinated and have shared their vaccine status with the company, a spokesperson for the bank told CNN Business. Unvaccinated employees and employees who don't share their vaccination status, however, are required to answer a set of questions about any symptoms and travel, and must wear masks and get tested several times per week at the office. Citibank employees who are vaccinated can submit their vaccine cards, and employees who are not vaccinated are required to test three times per week with an at-home rapid test. After taking the test, the employees upload their results to the test's app for their employer to see. Bank of America (BAC) was more vague when asked for specifics on how their vaccine policy will be implemented. "We are pulling folks back who have shared their vaccination status," a spokesperson for the company told CNN Business. "We are prioritizing the vaccinated coming back," the spokesperson added. Wells Fargo (CBEAX) is "collecting vaccination status from our employees to better enable our focus on health and safety in the workplace," a spokesperson for the company told CNN Business. Jefferies (JEF) is only allowing vaccinated employees into the office according to a memo that the company's CEO and president sent to employees, and only after they're past the appropriate waiting period for full vaccine efficacy. "We require that, after Labor Day, anyone who is not fully vaccinated should continue to work from home," the memo said. Barclays declined to comment on its vaccine policy. JP Morgan Chase, UBS, HSBC did not respond to CNN's request for comment. Wall Street's push for the office For months, Wall Street has pushed for employees to come back to the office as more Americans get vaccinated against Covid-19. Morgan Stanley CEO James Gorman and Bank of America CEO Brian Moynihan, for example, both made it clear that they're expecting their employees to return by Labor Day — a date that is quickly approaching yet might become a moving target as the Delta variant continues to spread. Gorman previously warned that he'll be "very disappointed" if workers aren't back by Labor Day. And for those who are not, "we'll have a different kind of conversation," he said. As for Moynihan, he recently said, "Our view is all the vaccinated teammates will be back" after Labor Day. The rush to get back to the office is due, in part, to work cultural concerns, as Zoom calls and Slack messages are no substitute for in-person meetings and training. Others worries center on cybersecurity and risk management vulnerabilities inherent in businesses that conduct billions of dollars of transactions every day. At its core, banking is a highly interactive business — and no one on hyper-competitive Wall Street wants to lose a deal because of a slow WiFi connection. -- CNN's Matt Egan contributed to this report |
Friday, July 30, 2021
CNN: Goldman Sachs draws a line in the sand on employee vaccination July 2021
College Degree, Affordable and Accessible/ 10,000 free online college courses and credit-bearing exams to prospective students July 2021
Morgan State
Joins the Fast Start Program That Could Offer Significant Savings to Students
Modern States, a philanthropy dedicated to making a college
degree more affordable and accessible, will provide at least 10,000 free
online college courses and credit-bearing exams to prospective students. This
will save over $10 million in tuition and expenses for HBCU students. |
Novartis Teams Up With HBCUs to Combat Systemic Racial Disparities in Healthcare July 2021
Novartis Teams
Up With HBCUs to Combat Systemic Racial Disparities in Healthcare
As an initial step, the Novartis US Foundation plans to invest
$20 million in scholarships, mentorships, and research grants over the next
10 years to help create equitable access to high-quality education and
professional development for HBCU students in health-related fields. This
will include three-year scholarships of $10,000 a year for up to 360 students
at select HBCUs. |
Black Access to Healthcare Lags in States That Show a High Level of Structural Racism July 2021
Study Finds
Black Access to Healthcare Lags in States That Show a High Level of
Structural Racism
The results showed that the higher the level of racism in a given
state, the less access Black people in that state had to health care. The
higher the level of racism in a given state, the more access White people had
to health care. In addition, the worse the state’s racism score, the higher
the quality of care White people reported receiving. |
Humanitarian Leadership Academy. Strategic Thinking Course. KAYA July 2021
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2021 Southeast Private-Public Partners Summit, August 3 – 5, 2021 “Ten Years of Small Steps and Giant Leaps”
Please join us for the fifth
annual Southeast Private-Public Partners Summit, August 3rd – 5th.
This year’s event will be hosted via Zoom by FEMA Region 4 and the Alabama Emergency Management
Agency.
This year marks the tenth anniversary of FEMA’s first-ever Private Sector
mission, following the 2011 tornado super outbreak that swept across the
Southeast. Each day will include sessions addressing issues important to our
private-public partnerships, such as how to prepare for and respond to
short-notice disasters, supply chain challenges, cyber security, and building
resilient communities. For
agenda and to register, click here.
DHS OIG Report: FY 2018 Audit of Science and Technology Bankcard Program Indicates Risks July 2021
News from the
Department of Homeland Security OIG
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OIG Report: nadequate FEMA Oversight Delayed Completion and Closeout of Louisiana's Public Assistance Projects. July 2021
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2022-2023 FELLOWSHIPS AT THE WOODROW WILSON CENTER Deadline: October 1, 2021
2022-2023
FELLOWSHIPS AT THE WOODROW WILSON CENTER
The Woodrow Wilson International Center for
Scholars is announcing the opening of its 2022-2023 Fellowship
competition. The Center awards approximately 15-20 academic year
residential fellowships to academics, journalists, former public officials,
and independent experts from any country with outstanding project proposals
on global issues. The Center welcomes policy-relevant proposals which
complement the Center’s programming priorities. Within this framework, the
Wilson Center supports projects that intersect with contemporary policy
issues and provide the historical and/or cultural context for some of today’s
significant public policy debates. Applicants must hold a doctorate or have
equivalent professional experience. Fellows are provided stipends of $10,000 per
month, private windowed offices, Library of Congress access, and part-time
research assistants. The Center encourages applicants to apply online.
Additional information and the application are available at www.wilsoncenter.org/fellowships.
Please visit www.wilsoncenter.org/wcprograms for
more information on the Center’s programs. You may also contact the Scholars
and Academic Relations Office at fellowships@wilsoncenter.org or
call (202) 691-4170 for more information. Application deadline: October
1, 2021 |
Food Insecurity. Building Effective Food Systems for Cities. July 2021
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K12 Level. For our next generation leaders. Advancing Play as Key Component to Building Urban Resilience July 2021
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