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New Goldman Sachs policy gives bosses unlimited days off
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(Reuters) - Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new "flexible vacation" scheme to promote "rest and recharge," The Telegraph reported on Saturday, citing an internal memo.
The Wall Street bank memo said that, as of May 1, there will be no cap on paid leave and senior staff can "take time off when needed without a fixed vacation day entitlement," the newspaper added.
All employees are expected to take at least 15 days' leave per year from next January, with at least one week of consecutive time off, the report cited the memo as saying.
More on: finance.yahoo.com