Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead
after working 120-hours/week for 4 straight weeks (https://twitter.com/Restructuring__/status/1786509871661154614), and still none of you has published even one article on the topic. We know you read WSO and FinTwit. We know you know what happened. Did Brian Moynihan himself give you a call to shut your mouth?
You're disgrace.
bump, crazy what money can do especially to news that was originally invented to be an unbiased source of information
Bump
The LinkedIn post by a veteran highlighting the incident that someone posted in the other thread is also nowhere to be found (the actual LinkedIn post, not just WSO thread) .
Some shit is going on in the background.
Yes, unbelievable.
This thread got removed from the trending topics list and mods also deleted the top rated comment of this board.
Shameful from WSO.
I think he meant the actual post on LinkedIn is also nowhere to be found, not just WSO.
I doubt BofA would be able to pay them off on a story like this. They could just be waiting for it to hit the Monday print edition for maximum impact/return. Besides, there's a risk in publishing stories like these, BofA's lawyers may well be sent after the publisher. Not to mention that they may just not have access to the finer details yet to make it fit to publish. I really hope the story gets out, but I suppose we'll have to see how things progress.
Agreed. All the details haven't come out yet and the press is probably waiting to verify things.
Maybe this is just martyrdom, but I think we as a community owe it to this guys’ family to not let this thing just fizzle out like everything else that happens. What occurred was was a gross abuse of authority by BofA and Gary Howe and a complete meltdown in leadership and any sliver of human decency. Someone is literally dead because BofA wanted to meet a made up deadline for a deal that was already predestined to close (or die). Much to the arrogance of investment banking MD’s at BofA, this poor guy working 120 hours a week was not going to change the outcome of the deal. And now his wife has to bury him and his kids have to grow up without a dad. This could have been avoided and it is absolutely sickening.
Keep posting about this and interacting with these threads. If you work at BofA, consider reaching out to reputable journalists. For the sake of the associates family and for your own well being, do NOT let another IB death get swept under the rug. this shit cant keep happening.
bump
Bump
Bumping for visibility
BUMP!
Bump
Bump - this needs to make mainstream media
I’m a freelance writer on Substack (platform that encourages free speech) with over 30000 subscribers. I obviously am not acquainted with every writer in the city but am being told that journalists are being held back by management to not further investigate this story until the cause of death is official as it could tarnish BofA’s reputation.
As this is a new account I am not allowed to post links, but if you or anyone you know is a part of this group please message me. I’m appalled by how this story is being denied to the public due to banking and media politics.
If this is true, what you're saying is that senior leadership at BofA is currently standing with Gary Howe and the other MDs involved and using their power and influence to protect them. This is revolting.
If you die from a car accident, there’s a clear cause and effect. Dying from sleep deprivation is different… I bet they’ll get out of it like they did with the intern some years ago because he had an epileptic seizure, so they can point to a preexisting condition.
There needs to be a formal investigation into how BofA responded after HR escalated his hours. When A&As work 80+ hours per week for more than two weeks, it’s flagged to the CRO and group head. There needs to be a formal investigation into his Saturday exceptions to work, which are approved by the group head. There is a strong paper trail here.
Who are the current MDs in the group? What do we know about them?
https://www.wallstreetoasis.com/forum/investment-banking/bank-of-americ…
According to this insider, Mark A. Adley and Brian Ascher were the two MDs in charge of the UMB Financial deal.
Gary is said to be on the deal too
I might get MS for this but it makes sense for journalists to wait for the official cause of death before they publish this story. It would be libelous for them to publish articles implying BofA killed an associate when he might have died of natural causes.
Don’t media outlets usually report on events in real time and update as they get more information? Think they’re using selective judgement here
Corporate news trying to control the narrative?! SHOCKER
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