Investment Banker: Invest in Paid Family Leave (January 6, 2014)
By Mark Scheerer, Public News Service NY
A strong voice from Wall Street is weighing in on the importance of paid family leave for parents of newborn children and people caring for seriously ill or elderly relatives. Tom Nides served as Deputy Secretary of State and recently moved to Morgan Stanley. The investment banker supports legislation that would create employee-paycheck deduction pools that would compensate workers during family leaves. Such bills have been introduced in Congress and in Albany, Nides said.
“For New Yorkers, it’s a huge benefit and a huge plus. We gotta move this debate forward. And by the way, it’s the right thing to do,” he said.