Goldman Sachs Bans Swearing in E-Mails. WTF.
Well, it looks like Wall Street's finally cleaning up its game. Don't misunderstand; investment bankers will still find new and unctuous ways to make money in a thin economy. But, from now on, employees at one gilded corporation will be forced to use slightly less colorful language when sending celebratory e-mails about their year-end bonuses.
According to the Wall Street Journal, bigwigs at the suspiciously successful investment bank Goldman Sachs are now telling their employees that profanity-laced e-mails sent across the company's network will no longer be tolerated. In a statement, a spokeswoman for Goldman said, "Of course we have policies about the use of appropriate language, and we are always looking for ways to ensure that they are enforced." Familiar Wall Street competitors like Morgan Stanley and Citigroup have already implemented similar company-wide policies. Morgan Stanley, meanwhile, encourages its worker ants to be "professional, appropriate and courteous" when writing e-mails, though it doesn't ban any specific four-letter words.
Goldman's e-mails, as you may recall, have been under scrutiny ever since April, when the SEC accused the company of profiting off of bets that the housing market would collapse. It remains unclear, however, which words are now officially taboo. Some employees, for instance, were left wondering whether shorthand abbreviations like "WTF" would be picked up by the New York company's new online screening system. Considering how deftly they profited off of other people's financial misfortune, though, we're pretty confident that Goldman's employees will be creative enough to come up with new lingo -- even if it's somewhat "subprime." [From: WSJ, via: DailyFinance]