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Bear Stearns Employees Find Getting a Cab Can be Difficult
If you work for Bear Stearns forget taking a Yellow Cab at JFK after your seven hour flight from London. The Wall Street firm has apparently...
If you work for Bear Stearns forget taking a Yellow Cab at JFK after your seven hour flight from London. The Wall Street firm has apparently stopped their employees taking such luxury transport into Manhattan, or for that matter anywhere in New York City.
Instead, Bear Stearns makes its staff use an independent taxi service in NYC. But the service is not up to scratch, according to some staff who have found getting a car to pick them up is not an easy task. A number of exasperated employees say Bear Stearns is paying the taxi service so little that drivers aren’t taking the job.
The Wall Street firm is paying much less than, apparently, Goldman Sachs.
One source close to Bear Stearns told GoldFinger that the Bear rate is 25 per cent less than other big firms. “I don't know if our rate is that much lower, but that's what they tell me,” the source said.