Goldman Sachs employees dress down for charity

August 27, 2010 | By Jim Kim

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In an interesting bid to raise funds for charity, Goldman Sachs' securities unit made employees an offer: If they donated at least $25 to one of four charities they could wear jeans to the office every Friday in August.

This sort of charity event is not unprecedented at the gilded bank. But the hot weather perhaps unleashed a torrent of casualness.

"It's been getting ridiculous, one female analyst told the New York Times, which got the scoop. "Last Friday, there were traders walking around the floor with three buttons of their shirts undone, showing off their pecs and hairless chests," she said. We assume they were male.

It's unclear how much money was raised and how many employees participated. One publication sent a journalist and hoped for a shot of a casual Lloyd Blankfein. They report that "about maybe half of the Goldman employees we saw were in jeans."

The beneficiaries of all of this are the Bob Woodruff Foundation, the Marine Corps Scholarship Foundation, Homes For Our Troops and the Navy Seal Warrior Fund. Other Goldman divisions have apparently gotten in on the act and suggested their other charities.

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