This week the venerable Goldman Sachs announced it is no longer requiring suits to be worn. Yet another end of an era.
Above is a photo taken at a broker function in 1987 for the opening of a commercial office building in Reston, Virginia. The event was held for the firm I was with at the time which was then known as Coldwell Banker (now CBRE). Up until the dot-com era began in the early 2000s, we all wore suits the entire week. No casual Friday, and except for summer, the suits we wore were typically navy or charcoal gray and ties rep or foulard. Can you imagine this scene today, especially our fellow associate with a pipe in his mouth, whom we affectionately referred to as Fred MacMurray? Many came from successful career beginnings with IBM or Xerox and brought conservative business dress with them. It was ingrained in the corporate culture at the time, and deviating from it was not really an option. Personally, I willingly and happily complied.
Different times indeed. And, as Paul Winston said in the recently posted interview, “Will it ever go back to the way it was? Not in my lifetime.” I concur with his assessment. — BC