You can imagine how the radiation crisis in northern Japan has stirred fears at many companies operating in the country. You can't blame Goldman Sachs (NYSE: GS) employees for wanting to relocate, if only temporarily, and if only to the Southern Japan, which is farther away from the site of the radiation hot zone. But the top executives have decided they must stay.

Several meetings "were held last week between senior Goldman executives and Tokyo-based employees," CNBC  reports. "Senior executives in attendance included Michael Evans, the firm's Asia chairman, and Ed Forst, the co-head of Goldman's investment management division." Lloyd Blankfein was testifying in the insider-trading case against Raj Rajaratnam and wasn't able to sit in.

"The message was clear: no one is to leave. If you do leave, you can't come back and expect to still work for Goldman," one source told CNBC.

If the crisis grows, we assume the executives will reconsider. Most employees seem to be abiding by the decision, albeit with some grumbling. Some have taken the precaution of sending their families out of the country.

Similar discussions are no doubt taking place at U.S. firms across Japan.

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