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Wall Street's new dress code raises the question: What should you wear?

NEW YORK (AP) – Goldman Sachs put a vote on his Twitter account and asked what employees should have at work now when the investment bank relaxes their dress code. The winning election? "Hoodie & sneakers" of 38 percent. But "costume" came in a solid second place at 28 percent. At least popular was "midtown uniform", so ubiquitous that it has its own Instagram account. The study of the tongue-in-cheek pointed to a matter of moving jobs at a time when the business world relaxed &#821 1; whatever it means – has become so accepted that even the most snapped-up symbol of Wall Street Power has surrendered to it. The 150-year-old company sent an internal announcement this week and announced that the time was right to "move to a flexible country-wide dress code" and urged its 36,000 employees to "exercise good judgment in this regard". "It can be beautifully scary because what is acceptable and what is appropriate to wear at work is not an easy question to answer. A suit? It's simple," says Chris Bossola, CEO of Need Supply Co., a clothing and lifestyle store based in Richmond, Va. Most Read Business Stories Operation against casual workplaces began in the 1990s when companies began to introduce "casual Fridays," said Robert Burke, CEO of Robert Burke Associates, a consulting firm For retail and fashion, it was quickly anchored with the emergence of West Coast tech tech giants such as Amazon and Facebook and their young moguls. "Goldman was one of…

NEW YORK (AP) – Goldman Sachs put a vote on his Twitter account and asked what employees should have at work now when the investment bank relaxes their dress code.

The winning election? “Hoodie & sneakers” of 38 percent. But “costume” came in a solid second place at 28 percent. At least popular was “midtown uniform”, so ubiquitous that it has its own Instagram account.

The study of the tongue-in-cheek pointed to a matter of moving jobs at a time when the business world relaxed &#821

1; whatever it means – has become so accepted that even the most snapped-up symbol of Wall Street Power has surrendered to it. The 150-year-old company sent an internal announcement this week and announced that the time was right to “move to a flexible country-wide dress code” and urged its 36,000 employees to “exercise good judgment in this regard”.

“It can be beautifully scary because what is acceptable and what is appropriate to wear at work is not an easy question to answer. A suit? It’s simple,” says Chris Bossola, CEO of Need Supply Co., a clothing and lifestyle store based in Richmond, Va.

Most Read Business Stories

Operation against casual workplaces began in the 1990s when companies began to introduce “casual Fridays,” said Robert Burke, CEO of Robert Burke Associates, a consulting firm For retail and fashion, it was quickly anchored with the emergence of West Coast tech tech giants such as Amazon and Facebook and their young moguls.

“Goldman was one of the last stakes of a more formal dress code,” said Burke.

Facebook CEO Mark Zuckerberg’s well-known go-to outfit – jeans and a gray T-shirt – designs the trust of the founder of a company that arose how people interact and advertise companies. suit to a kongresshörning last year that observers said he looked declined as lawmakers grilled him over Facebook’s privacy policy.

The episode was a living reminder that jeans will not do in every setting. However, Wall Street companies have been allowed to bring the program, as they compete with technical giants for young workers who are comfortable judging the suit and tied in most professional settings.

Goldman Sachs first drew off his dress code for his technology and digital divisions in 2017. Goldman quoted his policies for the rest of his staff, citing his “firm philosophy and the changing nature of the workplace.” The change comes three years after the country’s largest bank, JPMorgan Chase & Co, adopted its own flexible clothing policy.

The dress code is symbolic of a deeper cultural transformation of financial companies, who try to develop as innovation hubs where individuality and autonomy are emphasized. Goldman, who says a quarter of his employees work with engineering-related roles, has a domestic incubator to allow employees to develop ideas. J.P. Morgan Chase plans to open a financial technology campus in the California Bay Area.

The tone has been set from the top. Goldman Sach’s CEO David Solomon, who likes to emphasize his side game as a DJ, has been known for showing tieless at formal events, as well as the heads of JP Morgan Chase and Citigroup.

Of course, business law is often centered around men, probably because the finances remain mandated at the top levels. Men held nearly 80 percent higher and senior positions in US investment bank and securities trading by 2015, according to a research commissioned by Catalyst, an organization promoting women in the workplace.

Women have also long faced a more complicated calculation than men when it comes to workplace clothing.

Jennifer Hyman, CEO of Rent-the-Runway, reminded Goldman Sachs of that in a tweet that gently reached the investment bank for its man-centered survey

. for business occasions coincide with the emergence of fashion tech companies designed to make shopping easier for women tired of investing so much time in deciding what to wear – helping them to come to their own walk in a way ” unified “19659003] Last month, Goldman Sachs laid a drop-off box at his headquarters in Manhattan, shortly after Solomon suggested it during a public chat with Hyman about her company’s similar initiative at WeWorks office. [19659019] Ariel Schur, CEO of the recruitment firm ABS Staffing Solutions, said that she now gets more questions from men about how to dress at job interviews and meetings, a conversation that has long-burdened women.

“Guys have always been able to wear the same suit to change their ties and shirt,” Schur said. “You must be more cognitive” as a woman.

So, what is acceptable professional clothing today?

“This is pretty much what we wear,” says Ed Silhan, a chief executive of advertising technology, with black jeans and boots in central Manhattan. “Flip-flops, or toy shoes – I would stay away from it. You know, look up Nikes that you play basketball with. Just watch presentable.”

Four years ago, Barclays urged his staff not to wear jeans, flip -flops or T-shirts at their headquarters in London. Goldman Sachs urged its employees to keep their “wide and versatile customer base around the world in mind when deciding what to wear, as well as JP Morgan Chase when it slackened its rules three years ago.

“Midtown uniform” – slacks, buttonhole shirt and fleece vest – has become a haven for men trying to navigate a more relaxed culture that is fertile for failure.

“It’s probably a lazy solution,” says Bossola of The Need Supply Co. “The worst case is that next Monday at Goldman Sachs, everybody wears chinos and plaid shirts. The best thing is to try to create a wardrobe that works for their industry.”

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