Goldman Sachs employees complained about only getting 5 hours of sleep -- but CNBC's Jim Cramer thinks they’re sleeping too much

Goldman Sachs employees complained about only getting 5 hours of sleep -- but CNBC's Jim Cramer thinks they’re sleeping too much

In a recent internal survey, 13 Goldman Sachs employees complained about the demanding work conditions at the Wall Street powerhouse — and one of the complaints was that they are lucky to get five hours of sleep. But when financial pundit Jim Cramer appeared on CNBC's morning program "Squawk Box" on March 19, he had no sympathy for them and even argued that five hours is too much sleep for a young Goldman Sachs employee.

The 66-year-old Cramer, himself a Goldman Sachs alumni, told "Squawk Box" host Andrew Ross Sorkin, "So now, they're grousing about five hours? Why don't they just take naps during the day? This is ridiculous!" And he went on to say, "Give me a break! You go to Goldman Sachs because of the deal you make. You can make the money, and then, you can do something great. Five hours, that's all they get to sleep — that was pathetic. They should not be sleeping five hours."

Cramer recalled that when he was with Goldman Sachs, he would arrive at 4 a.m. — and was "very disappointed" with those who came in after him.

Sorkin described the employees' complaints as an example of the generational divide at Goldman Sachs and other financial companies.

"This is the great debate happening on Wall Street," Sorkin told Cramer. "Because you have a whole younger generation saying, 'We're being hazed by an older generation.'"

Cramer, in response, recalled that when he was with Goldman Sachs, he would give exams to younger employees just before midnight on Fridays — and he would publicly shame those who had the worst results.

"Anyone who finished last, their names were on the door Monday morning," Cramer told Sorkin. "Because you know what?! Shame is what makes a good Goldman Sachs associate."

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