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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGoldman Sachs restricts intern workday to 17 hours in wake of burnout death
The new rules, introduced for this summers crop of investment banking interns, have been introduced to improve the overall work experience of our interns, a Goldman Sachs spokesman said. All of its summer interns across the world were informed of the new working hours rule on their first day in the office earlier this month.
Wall Streets shift to caring capitalism comes in the wake of the death of a 21-year-old Bank of America Merrill Lynch intern who had regularly pulled all-nighters in a desperate bid to impress his bosses.
Moritz Erhardt was found dead in the shower at his London accommodation after working 72 hours straight. An inquest found he died of an epileptic seizure that could have been a triggered by his long working hours.
Shortly after Erhardts death, Goldman Sachs chief executive Lloyd Blankfein told his interns that they shouldnt give over their whole lives to the firm. You have to be interesting, you have to have interests away from the narrow thing of what you do, he said. You have to be somebody who somebody else wants to talk to.
http://www.theguardian.com/business/2015/jun/17/goldman-sachs-interns-work-hours
glad goldman sachs cleared that up ........live long and prosper its only a 17hour workday kids.
dixiegrrrrl
(60,010 posts)And how long it will be before the 17 hour limit is kinda sorta overlokked?
L0oniX
(31,493 posts)AZ Progressive
(3,411 posts)Seriously I don't know how people can not see a 17 hour workday as insanity. Corporations make so many things that would otherwise be considered insane as sane.
leftyladyfrommo
(18,874 posts)Are those interns also expected to be on their phones 24/7.
They need to run as fast as they can in the opposite direction.
malthaussen
(17,241 posts)... but my god, it's the Guardian. Words bloody fail me.
-- Mal