Goldman Sachs has warned its staff about sneaking off to Paris during the Olympics—and leaving the bank to pick up the tab [Fortune]
Sanofi - American Depositary Shares (SNY)
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Source: Fortune
New York-based Goldman emailed employees telling them any trips to the European capital must first be approved by the finance department if they were traveling between July 26 and Aug. 11, per Bloomberg The aim of the email is to cut down on meetings in France set up by staffers to conveniently coincide with the Olympics, with the bank presumably picking up part of the bill for corporate travel. “In line with previous Olympic games, we have asked our people to effectively manage their spend and ensure coordination with firm sponsored events for our clients during the period of the Paris games,” a spokesperson for the bank told Fortune Any bills for a stay in the city will also come at a premium during the Olympics—in January consumer interest group UFC–Que Choisir r eported Paris hotels were cashing in on the sporting fever by hiking prices to over $1,000 for opening night. However, like any major sporting event, the Olympics will be a hive of corporate hospitality. Courtesy
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