BOFA ALREADY TRYING TO COVER UP THEIR TRACKS
As some people know, recently an individual appears to have been worked to death at Bank of America. Our prayers to their family.
As a discredit to WSO, the initial post about the passing of an associate for being overworked was removed ~supposedly~ at the request of the individuals family (which we all know is absolutely not true) considering who not in finance even knows what WSO is.
These banks will continue to take advantage of hard working individuals and work them to the death until something major is done. We can’t let BofA squash this story before it even gets out.
Censorship on overwhelming support is crazy.
These banks are so pathetic. I really hope they are penalized for hurting a damn Vet and taking advantage of his work ethic
Can someone post a link to reddit on whatever they feel about posting
^
Does the family have any grounds to sue or press charges? I’m not familiar with the legality of working that many hours in IB. My analyst contract said I’m expected to work 70 hours per week but doesn’t specify anything else
Someone should try and help them before the bank gets complete hold of them. Apparently an MD already called the family
WSO you should be ashamed of yourselves for this. I have been a long time member of your platform and I respect what you’ve done for the industry but taking these posts down is a disgrace. An absolute disgrace. Be better.
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If the family has asked for the content to be removed, it should be removed.
Why r u censoring other content that has nothing to do w the identity of the individual or family then? Seems counterintuitive to the whole reason wso exists….
Idk, maybe I'm just not as smart as you guys, but you don't think the family could've just googled what happened and seen that WSO was one of the first results?
Why would they do that? They are grieving and planning a funeral right now.
Agree with ER. I completely sympathize with a family who do not want to get contacted by media. And yes, I can imagine that word travels fast in this kind of situation. Maybe they didn’t google it themselves, but people could have told them that it was being discussed on WSO.
Anyway, will we be able to get information on this topic? Do we expect the newspapers to cover this? Wondering.
As someone who has had the displeasure of losing someone close to me in a semi-public/tragic context, I can assure you you do google and you do contact local/news forums to anonymise/take down posts.
.
I consider this to be borderline manslaughter
If you tell a new associate to work 120 hours in a week they will do it. Yes everyone can quit and it's not slavery but with kids to support and a bad lateral market that's really not a choice many will do right now.
You know who really contacted wso? Those mds names that were posted here.
False, his brother contacted me.
How were you able to verify his true identity?
Wow. So that post that was taken down someone listed Gary Howe as head of the deal team and person responsible.
In less than 12 hours his linkedin is now just Gary H ( last night it was gary howe with the FULL LAST NAME)
This pathetic MD, who is a freaking group head and probably hasn't logged into linkedin in 10 years, is actively trying to hide his online persona so people can't Google him after his name was mentioned here.
Wouldn't be surprised if he got the post taken down himself
edit:
within 10 minutes of me posting this. The linkedin account was removed entirely.
Proof below( before he escalated further and deleted the whole thing)
His linkedin is actually nowhere to be found now.
there needs to enough pressure also so that this never happens again. if these MDs can be publicly outed, held responsible (and questioned by the media/regulators etc), then in the future people will not be comfortable making bankers work 100 hour weeks for liability concerns.
this culture needs to change. no one should work 100 hour weeks
wow mods removing posts again.
0% chance the family asked to take down this thread. Wouldn’t you be upset that the death of your loved ones is getting no coverage?
Looks like there is a new post stating the family contacted WSO
The actual post was edited by WSO to say that and all the comments - including supporting non-doxxing ones - were removed.
You did the right thing.
You know what would be super creepy ? What if the person who sent this request to the WSO admin isn’t really the family of the deceased, but a bot account deployed by BoA ? I mean there’s no way to verify the true identity of the account who made the request, and from the screenshot, it looks like the admin just believes it and didn’t even ask for proof
Apologies if I missed it Patrick but have you come out and said anything about the culpability of BofA?
Can someone explain to me how there is no media coverage of this?? Is the cover up that blatant?
I think by Monday there will be articles about it but probably needs to be confirmed, etc.
It’s expected. And journalists don’t care about investment banking struggles. Only crimes
Sad… RIP
Sad because we all know nothing will happen to those Md's or anyone responsible. Family will get a payout that is pennies to BofA, and nothing else will happen. Since when have we lost the ability to put bad people away.
Hopefully BoFA responds...
"We are saddened by the"
" It is with deep sorrow that we share the passing of one of our cherished associates within the Financial Institutions Group of Bank of America's Investment Banking division.
Our Associate was not only a valued member of our team but also a true hero, having served our country as a US Army Green Beret. His dedication, integrity, and selflessness were unparalleled.
Beyond his professional accomplishments, our Associate was a devoted husband and loving father to two children. Our thoughts and prayers are with his family during this difficult time.
#BankofAmericaFamily #Life'sBetterWhenYou'reWorking120 "
"Thoughts and prayers...now get back to work"
This censorship is crazier than instagram.
I hope WSO is ready to talk to some lawyers after this for trying to help -- redacted-- cover his a**
Agree. Guy was wiping his linkedin while it was being posted here and called out (meaning he was monitoring this thread)
Pathetic.
It's OK I already sent all of this including the names to the NY times
The reaction from WSO and hand picking which comments to delete is truly baffling. I hope they get some heat as well so people know they had a direct part in trying to cover this up.
Been taking screenshots of all posts so everyone can see what has been deleted. Classic classic classic
Am I missing something or why are we talking about this specific MD, I mean all of them are shit in general but why this one in specific
What happened?
xxx
How does the boot taste?
Any reasonable adult who has seen finance hours knows what it is. And all of us are calling for support to the family and an investigation into the group.
Corporate reaching out to the family and lowballing a settlement happens far too often. If you don’t make noise about something this serious, you’re just complacent and a waste of skin.
yes, but maybe we can respect the wishes of the family for at least the fucking weekend?
The only way this stop is if the Bankers themselves are held personally liable. Not the bank.
Go after the deal team in court. Get the emails. Get the chat logs. How often were comments sent late and told they need a draft in the morning. How often did the staffers see the logs of him working 100 hours and didn't intervene....
Hold everyone accountable and this doesn't happen again. When Bankers are scared of charges or personal financial liability they will be less inclined to push the deal teams this hard.
WSO deleted shit as well when several people exposed sexual accusations from Jeffries M&A team on young women. Now they do this, these scumbags probably are all paid off to delete it.
This.
wrong
Never taken a penny in 18yrs to take down any posts, never will.
Why would they not want this getting as much publicity as possible…?
This is so incredibly sad. Can't even imagine what his family is thinking right now. God this industry's culture fucking sucks. And people wonder why the golden age of IB is so far gone. Because anyone with a shred of talent with an equally rational brain knows that they'd be better off working in PE/CorpDev instead of the hell hole that is IB
Why the f are you deleting comments WSO? It defeats the entire purpose of why people come on here vs going to Reddit... About to destroy the entire community you created by being a big brother. It's not up to you to decide what comments stay vs. go. We are all in support of how tragic this is, and we want BofA / industry to change.
Just trying to do what the family is requesting to give them a bit more time since it's all still very recent, that's all.
Literally, we come here because it’s a common forum for all of us. We don’t need some overlord telling us what we can and can’t talk about.
That should not prevent them from being decent human beings and do the right thing by a grieving family.
If that doesn’t suit you, go f*** yourself and post on your own forum.
Perhaps WSO counsel advised them to remove the posts? Not knowing what was in them, I can't really drill down. Given how much Shizz flies in these forums, I am sure they are removing their own liability.
No counsel, just trying to respect the wishes of the family.
Tragic
Appalling number of insensitive assholes on this thread
Patrick you did the right thing
Condolences to the family who just want a LITTLE BIT of privacy
deleted
Anyone know what transaction he was working on?
UMB Heartland
Kudos to everyone who has spoken up on this as all of us are at risk of being punished for speaking out.
From last night's thread that was wiped had overwhelming support for the victim, including posts from current BofA banking employees, the victim was a Green Beret, the UMB Financial transaction was his first transaction.
Can't speculate as to what is going on behind the scenes with BofA's legal team trying to keep this quiet / asking for silence in return for settlement money but this person could have been any of us. He could have been any of us.
I heard BoA dealflow is awful and tbonus is shabby. Why tf are people asked to work 120 hours ?? What for ????? I’m astonished that this isn’t illegal in 21st century where human right is supposed to matter ??????
I don’t get it either, 100+ hours for a bonus 50% your base?…
It’s wild, there needs to be some sort of exposé about this. How is it possible juniors are grinding 100+ hours per week and the group generates so few fees? My guess is there are way too many MDs that are bringing in no deals & stressed about pipeline, making juniors crank on meaningless busy work clients don’t ask for.
From what I hear, the BofA mothership cares more about account coverage and everyone looking “busy” vs actually making money. This leads to lots of pointless client meeting with very little yield.
The model is broken.
It is…idk other associates in the groups said they weren’t working close to that and don’t understand how he was.
wonder who his 1 up was
Absolutely Disgraceful on BofA’s part
article already came out but why bofa is not mentioned?
https://www.efinancialcareers.com/news/associate-at-us-bank-said-to-die…
The MD deleted his linkdn that’s nuts the fact that he would means he’s admitting
Heard from a friend who left the group. Banks team has been sweaty for years since a guy who got cut from JP has been running it. Many people have left - if you complain the vertical head hits your rating / comp. Many refused to work for him. Lots of MDs on banks platform and most have no relationships, washed up from C team platforms and haven’t produced any meaningful M&A for years. They’ve pushed out the competent people who could bring in deal flow by not promoting them to MD, while promoting those who have no business managing A&As or even being in banking. They’ve run into issues with some questionable things but put it all under the rug.
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