Absolutely tragic passing of a former green beret working 120 hour weeks at BofA’s FIG team on a deal.
Wso discussion here: https://www.wallstreetoasis.com/forum/off-topic/bofa-associate-death
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It’s a damn shame. Coming from Group, his mentality was probably to do what it takes to get the job done, and his leadership team on the deal fucking failed him. So sorry for his wife, kids, and family. Damn sad day for the regiment as well.
Failed him but got the deal done and made millions. Operational success in the world of capitalism!
I don't know why you're being down voted, that's literally capitalism down to the letter. I'm not a communist either, I fully support capitalism and also understand that it's ugly and will eat you alive if you let it.
famously killing your employees is a tried and true driver of profits
Lmao
No, it literally isn't. There's absolutely zero need to make this tragedy your opportunity for political soap-boxing.
I get that the sarcasm is unnecessary but what's political about that post? Is is the c-word?
Comment removed by Reddit
Comment deleted by user
How do you know that he killed people? Do you think every soldier that is in a combat mos kills? You probably think that every soldier is in a combat mos. I guess all soldiers are killers by your logic. True ignorance.
Professionalism
Hope you are missing a /s and not being serious
"missing"? are people that unable to understand sarcasm on this site now?
poor guy. if he was earning $100k a year, that's basically minimum wage that he was working for.
He was making $500k
The group head of BOA FIG, Gary Howe, was personally involved on the deal that said associate worked on (UMB Heartland) and has since deleted his LinkedIn profile as the news of this associate's death has spread.
Bank of America - Juniors Strike to start Monday May 6th | Wall Street Oasis
Lol why did he delete his profile ? Afraid of backlash ?
Someone on WSO linked his name to the post re IB associate's death, and he deleted his LinkedIn 10 minutes after that post. Believe BOA are monitoring these forums.
I'd be more worried with what the department of labor will do.
or it's admitting to guilt.
Brian Ascher was also an MD on the deal per a WSO comment
https://www.linkedin.com/in/brian-ascher-6429b23
Mark adley another MD apparently on the deal
https://www.linkedin.com/in/mark-a-adley-8622849
Mor like arscher
he's probably lawyering up.
Not sure if spreading his name publicly is what his widowed wife or family would want. They should be able to publish this on their terms. I’m sure the name will be widely spread in the next few weeks, but you should delete that. Plus, given his background it’s not hard for someone to find him on LinkedIn if they really wanted to.
EDIT: the deceased individuals name was removed, thanks
That’s the head of the group within bofa’s name, not the deceased.
The deceased name was removed after I commented
Thanks for sharing - unbelievable that Bank of America is blocking this from making it onto the mainstream media. Dude was literally worked to death
I just saw someone claim to be WSJ reporter reply on the WSO post and ask for people who know about this story to DM him. 5 minutes later, his message was deleted as well - so something weird is going on.
You can't blame BofA though, this is the expectation of the whole finance industry. The banks set these rules that bankers can't work on Sundays and Saturdays are limited but all of these rules are just for show. Any banker who wants to be successful knows they will still work outside of those restricted hours. This is why I have stated many times in this forum that people who go into IB are a wh*re for money and or prestige.
It's sad this man served our country ended up dying for a multi-billion dollar company who gives no shit about him or his family. The MD and execs in BofA are going to continue to live their luxuries life while this man won't ever see his family again. I don't blame BofA but the whole industry of finance is just terrible.
I think we can still blame BofA too though.
And it’s not even the first time this has happened at BofA either
Spoiler, it wasn't the last this month.
Agree it’s a shitty industry full of sycophantic wh*res for money (which I am unfortunately part of at a major bank’s PE group), but BofA are also total pieces of shit for clearly blocking media channels from reporting on this and having forum posts taken down on various sites like Wall Street Oasis and so on.
Afaik that was done by the victims family, not BofA (re: WSO)
yea that’s what they claim. Reeks of bullshit though. The screenshot of an alleged LinkedIn chat the WSO admin is waving as proof is fishy as all fuck. Its supposedly from the victim’s brother but it’s terse, impersonal, and most damningly, WSO guy explicitly waives any verification from this guy who cold-chatted him. I don’t think WSO would stage this but BofA absolutely would; however the not verifying really implicates WSO. It gives them the perfect cover to squash the story on their platform.
NY Post just reported on it
Finance and Consulting are famous for long hours. Been on consulting for a long time, I refused to work the shit out of my people so I'll never make partner but at least I can sleep at night. Fucking BOA. Dude rolled in from group with that mindset of 'dude is in charge and I have my orders'. Hope everyone in his leadership chain gets fucking fired, shitbags.
You absolutely can and SHOULD blame Bank of America. The “whole industry of finance” is not at all like this. Yes, people in high finance work crazy hours and grind themselves to the bone, but very few places would let an associate work 120 hour weeks for weeks on end. That’s not the norm at all. Bank of America also overworked an intern to death a few years ago. It’s a Bank of America issue and the specific people on the deal team this associate was on need to be fired and pay consequences.
It's not only banking. It's the entire corporate America, especially publicly traded companies. It's expected that you work more than 40 hrs week, nights, weekends if necessary as an exempt employee.
You can always quit
Yes, I understand. You can always quit.
Or they could hire more people? And make conditions better? But then they would make $4 million and instead of $5 million a year. What a tragedy.
Did the person pass away on the job or another tragic circumstance. Awful though.
Just by pure work hours/hours in the week there is a 75% chance it occurred on the job...
the poor guy was literally working 3 full time job hours. if he was making $100k salary, he would be basically making minimum wage.
It was def the job, he used energy drinks to stay awake. This was NOT his choice and even if he did have pre-existing conditions (0 evidence of this. And noone is saying this), his bosses killed him by pressuring him to deliver DESPITE TRACKING 120 HOUR WORK WEEKS FOR OVER A MONTH. And BOFA HAS HAD PEOPLE DIE BEFORE, they’ll try to sweep it under the rug but this needs to get to mainstream media
If you were in SF, you likely don’t have too many preexisting health conditions (and probably would’ve already died from one exacerbated by stress or lack of sleep
It WAS his choice, no one "killed him". He could have quit and found another job.
Such a bullshit take lol
That is reaching. Unfortunately u have no idea how the industry works, he HAS to keep going for family, pressure from higher ups, to prove himself just a year into the job. Put yourself in his shoes if you have an ounce of empathy. The man was a green beret, he’s trained to get shit done. But some investment banks, It’s a sick culture where you have sadistic borderline homicidal bosses scaring you into pulling ridiculous hours for no reason. This is the issue
No, are you in the industry? After 40 years, not like that AT ALL.
What a clown take
On the job.
Without additional information I think speculation is exactly that, guessing. So in lieu of factual information I think respecting the wishes of the family (re the post linking to the original announcement) for privacy means I'm not searching for that info. This is apart from my non-love of BoA as a company. I'd be happy to criticize them, but without that addn info I can't say it's warranted. Regarding the hours, for a ramp up work on a timely deliverable TBH that isn't out of line in the industry. I've done it and don't always love it, but with utter certainty I know that if a company isn't doing it there's another one out there that will, and in aggregate will be more successful.
BofA FIG… sadly not surprised based on one of my close friend’s experience working there
:(
Patrick curtis at wso seems to be censoring comments unrelated to family's privacy, bumping this thread for visibility
The family of the deceased reached out to Patrick Curtis that they would like the thread on the forum deleted about the guy because they wanted to griev on their own and news reporters already started to contact them.
So in that case I can actually understand that at least the name of the deceased person maybe shouldn't be thrown around as of now so the family can process the lost for now.
completely agree we need to respect the family's privacy - should have been specific but referring to comments related to the perpetrators (MDs on the deal teams, etc.) that has no reason to be censored when WSO claims it's a forum that helps create transparency in an industry that needs serious overhaul that defeats the whole purpose of a forum like that existing versus reddit
Don’t just believe it willy nilly. The only proof is a screenshot of a questionable LinkedIn exchange between Patrick and an account purporting to be the victim’s brother. The account offers further “details if needed” yet Patrick immediately capitulates and assures him “no details needed” - why wouldn’t he ask for further verification with a random account? The name concern doesn’t make sense since by virtue of being sought by news outlets, the name of the victim is already known.
It’s sad people simply accept this instead of seeing how it rhymes with all the suppressive efforts BofA is taking.
I checked the WSO admin's screenshot, and it shows shirt/collar of the profile pic of the deceased's brother. However, the screenshot doesn't match the shirt from the profile pic of the brother when I looked him up on Linkedin. As far as I know, (and verified from news report), the deceased has only one brother, who is his twin, so I find the veracity of the screenshot really fishy.
Get this mainstream.
and put on every tv network
Heads up but BofA was on the Reddit IPO and is very well connected with this company. They’ve already had Reddit remove one post on this and will likely get this one removed as well. It might be better to start posting news articles if/when they get released.
FYI, the group he worked in was the Financial Institutions Group, led by Greg Howe.
Allegedly, managers in that group were bragging how many 100+ hour work weeks they got their juniors to work.
How much of a loser do you have to be to brag about the hours you force your direct reports to work? Pretty sad.
Straight up sociopathic
Gary howe
First name is Gary
Brian Ascher was also an MD on the deal per a WSO comment
https://www.linkedin.com/in/brian-ascher-6429b23
brah u had one job and u still got the name wrong
Please fact check and edit the name in this. While I know who you meant to say, the FIG group is not led by a man named Greg... and its not great to be throwing names around if they aren't 100% accurate.
Lie
First name is Gary
would love to see that communication on social media. the dept of labor would love to see that too.
Very sad that people posts and comments are getting deleted on this subject. BofA is really trying to cover this up.
Comments are also turned off on my Yahoo main page.
Literally 99% of the redic hours is to prove a point and say I did it you should do it…there is virtually zero material value add for 99% of the bs edits they make you do until 3am every night all so a client can skip to the valuation section to see if they agree … banks should be held accountable for this shit bc a legit green beret died likely of exhaustion bc some cuck wanted to change the footer location or didn’t like the block edges on a sub header… rant out
Fucking insane.
Can't imagine how the wife feels. They survived years of uncertainty with his military career - making it back alive from deployments, doing distance from JCETs.
Retired from the military & got a great white collar job - it was supposed to be the happily ever after for his family. Only for him to die there.
Now his wife has to attend a funeral, when she thought she was in the clear. No BofA SGLI payout. Can't wrap my head around the twisted irony of this.
Absolutely horrible, an investigation needs to happen.
Bump until media picks up!
Any articles or threads? This is closed
Here are some with comments and info left. They keep deleting everything as people put stuff, but we're not keeping quiet for this.
https://www.wallstreetoasis.com/forum/investment-banking/this-is-a-dark-day-for-wall-street
https://www.wallstreetoasis.com/forum/investment-banking/bank-of-america-juniors-strike-to-start-monday-may-6th
Can still send him an email I think format is first.last@bofa.com
Or HR email (not sure what it is)
Gary Howe is the one should be held responsible - he is the Head of FIG in Americas
The family contacted wso asking people not to post about the death of their loved ones ??? Sounds like extreme BS, if I was them I'd be out for blood against the company that allowed this to happen.
Prob bc they want to grieve but also wouldn’t put it past BofA to be writing a sizable check with an NDA to the family to make this go away as quietly as possible… they write these kinda checks all the time
They asked for privacy, see wso threads with screnshot, they did NOT ask for comments around the perpetrators to be censored.
Seems pretty unlikely the family even knows what WSO is. This one smells.
I’m acquaintances with a family member and they have privately posted that they dislike how viral it’s going, so it’s possible
Patrick curtis at wso seems to be censoring comments, bumping this thread for visibility
The end-game capitalism brain rot is strong there. The juniors going on strike calling for a ... ROFLMAO ... maximum 100 hour work week. No one needs to be working that much for anything. Cap it at 60.