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This indeed seems to have correlation. The more legal business is, the worse its culture is. /s

• eru 9y ago
  There might actually be more to it, if you generalize slightly: Banks have big moats of enormous regulation that any would-be upstart competitor would have abide by. Hence they are more 'legal' just counted by number of regulations they comply with. Banks ain't great places to work for. (But I don't think you can build a good rule out of that. I think what determines a great culture more is how high the opportunity cost is for employees to just go and get a new job that at least as good. Googlers can just walk away, and get a decent job anywhere else: so Google has to treat them nicely. Retail assistants in depressed East Germany in the 90s had almost no other options, especially since legislation basically forced companies to pay above market clearing rate; you can imagine what bosses got away with on such a captive labour supply.)