If you are an analyst on Wall Street, you are probably working from your 1-bedroom flex apartment in Murray Hill or worse, going into the office. Not Stevey Schwarzman though, who is getting work done in Central Park these days. "I sometimes come in, sit on a bench and read investment-committee memos," said Schwarzman, CEO of private equity giant, Blackstone.
"Next week, I’m meeting a CEO to have a coffee in the park,” said Dusty Philip, co-chair of global M&A at Goldman Sachs. “Being outside solves a lot of Covid worries."
Since Covid hit New York, Craig Huff, co-CEO of Reservoir Capital, has been in the park every day. "I walk while I’m on conference calls in the afternoons," he said.
Central Park has gotten a lot of use during the pandemic, a year where New Yorkers took advantage of the absence of tourists. The Conservancy has worked hard to keep up. On Wednesday the Conservancy had its 40th anniversary celebration and in attendance were even more Wall Street titans.
"These events are essential to the vitality of the city," said Joe Bae, co-president of KKR. “I’m glad New York is back and we’re able to gather safely.”
Short Squeez Takeaway: Its no surprise that boomers are flocking to Central Park given the peace, tranquility and serenity it offers. It would probably be quite beneficial for analysts' mental health to work from Central Park as well but we don't think that's happening any time soon... unless the 13 Goldman analysts decide to revolt again.