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May 2nd, 2008

Back in coach for Wall Street, Goldman pulls the free soda

Posted by: Leah Eichler

A trader puts his hand to his face while working on the floor of the New York Stock Exchange in New York November 1, 2007.For many bankers and traders, the days of company perks such as sleek limos, cushy business seats, and fat steaks are gone.

Credit Suisse has reduced some cell phone subsidies and done away with car vouchers. Merrill Lynch has banned business class travel for some divisions. Goldman Sachs has pulled free soda and JPMorgan has upped the requirements for free meals and car rides.

Has your company scaled back on perks? Share your experience.

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