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Morgan Stanley CEO wants NYC staff back in office fT by Labor Day, anyone who doesn’t could face salary cut

‘If You Can Go Out To Eat, You Can Come Back To Work’



Morgan Stanley CEO James Gorman has said he expects all New York City staff to return full-time to the company’s Times Square home office by Labor Day – and if they don’t they may face salary cuts.

Gorman was speaking at the firm’s annual U.S. Financials, Payments & CRE Conference on Monday afternoon when he made the remarks, some of the strongest indicators yet of how big business will handle getting their staff back to work in person now that COVID cases are falling, vaccines are up and New York City is returning to pre-pandemic norms.

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