The two banking behemoths’ participation in the $70 million funding round marks “another validation of the longevity of crypto.”
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. Goldman Sachs did not immediately respond to a request for comment. It comes about two months after a group of first-year Goldman Sachs analysts complained in March of being overworked and threatened to quit within six months unless conditions improved.
Goldman Sachs Group Inc officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting scandal at Malaysia's 1MDB sovereign wealth fund. A preliminary settlement of the so-called shareholder derivative lawsuit was filed on Friday in Manhattan federal court, and requires approval by U.S. District Judge Vernon Broderick. The defendants' insurers would pay the $79.5 million to Goldman, which would apply it toward compliance and governance measures, including giving more power to its chief compliance officer and creating an anonymous hotline for employee tips.