re: Morgan Stanley CEO to bankers: If you want NYC salary, you need to be in NYC

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Much of it is industry specific as well.

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It is. My previous job was working for a company that dealt in loans. So finance. The CEO was adamant that your arse was in your seat 8-5 every day, Monday through Friday. I was the IT infrastructure manager, so my guys were tasked with maintaining all the server and network equipment. We were required to run updates on the weekends only. The best part? Even though we could do the updates remotely, it was mandated that the updates were to be done in person only.

After not even a month on the job, I asked the CIO about comp time for my guys having to work on the weekends to do updates. He looked at me like I had a dick growing out of my forehead. His response was "they're salary. They'll work whatever hours they need to get the job done." Of course this shitstain never worked hours outside of 8-5.

Within one month, I quit, the information security officer quit, the operations manager quit, and the two primary network and system engineers quit.

Then they got in deep shite with the feds for financial record issues.