"Died of Natural causes" - Are you kidding me?
"
The person died of natural causes, according to an email from the New York Office of the Chief Medical Examiner, who confirmed details when asked about the case.
The person died of "acute coronary artery thrombus," the office said. The disease causes the formation of a blood clot inside a blood vessel of the heart.
"
Link to the article: https://finance.yahoo.com/news/1-bank-america-inv…
If you sit on a chair for 16 hours a day and not sleep, you die from a clot. Even House MD taught that. Appalling! And it keeps saying exec, come on man.
Nothing natural about it. And this will be an excuse to deflect any liability.
So True.
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 in writing to the CRO and group head. There also needs to be a formal investigation into his Saturday exceptions to work, which are approved in writing by the group head.
There is a strong paper trail here.
Exactly. Unless someone from the group is willing to leak it, no investigation will be launched and this will just end up buried.
The people with access to this "paper trail" are on BofA's payroll so they have 0 incentive to launch an internal investigation. Keep in mind that HR will always be on the firm's side, never the employee's.
Same guys who had the vague first article.
Did no one from the group provide any evidence or are they purposefully reporting only what was publicly said by the medical examiner and the bank?
.
Exactly. And it's acute, meaning sudden onset and not based on any pre-existing condition.
Natural causes my ass.
They're gonna get away with murder ain't they?
If you’re rich, anything is possible.
Look at fucking Epstein, serial child rapist/sex trafficker internationally with the Royal family too and the only person prosecuted was ghislaine
They got away with it in 2013. Same "natural causes" ruling in court.
The terminology is intended to be used based on legal definitions, it is the difference between a determination of death and a cause of death.
I have to imagine the family will get their own autopsy as part of lawsuit.
I hope so
I emailed the author of the article and he is going to provide an update to clarify that it wasn't an executive.
Thanks for that, and perhaps also ask to elaborate where the bank responded. Must be private because there are no press releases.
Update is now out, search "UPDATE 2-Bank of America investment banker dies".
I've never worked in ibanking but how possible is it for a junior to just refuse to do work? Is the culture really that bad where if your VP tells you to work 100 hours in a week you have to do it or you'll get fired?
Thank you for asking and genuinely wanting to know. What will happen is the following.
You ask not to work with senior A, you likely won’t work with that senior. BUT if you’re working on a deal and you tell senior A “hey, I worked 70 hours this week, I’m tired and logging off”, you’ll get removed from the deal or someone else will be staffed. Not only that, but no other senior will want to work with the “lazy” kid. Your ranking goes from good to bad and all of a sudden you’re laid off from a RIF or other BS.
The VP won't say word for word "hey, work 100 hours". The VP will just ask you for work with tight deadlines you must follow and create a sense of urgency. They will also proceed to check-in on your progress every now and then to ensure the work will get done in time, forcing you to keep up and stay online to not upset them. This process repeated over and over again eventually leads to long weeks and late nights since keeping with all those deadlines requires a lot of crunching. The funny thing is sometimes they'll act like they care about how much you work despite making a completely ridiculous ask. We all know the classic "no need to spend the night on this, but please have it ready first thing tomorrow AM" which obviously means a late night is awaiting you. Honestly, it's not entirely the VP's fault, they're also under a lot of pressure from those above them and there are a lot of factors that lead to this.
Sometimes, the higher ups won't even realize the amount of work they are requesting because they're so out of touch with the reality of junior work, so they will request a ton to look good in front of the client. The analyst is definitely not going to be the one telling the MD to fuck off because they're at the bottom of the chain of command. The VP certainly won't either because they're up for promotion and want to look good in front of the seniors. This cycle of d*ck sucking eventually makes its way down to the associate and analyst unfortunately.
Some of the extra long hours come from VPs trying to "add value" by generating more work which the analyst will ultimately need to grind on. The worst is that 90% of this extra work ends up getting killed by the MD who never requested it in the first palce. Highly dependent on the type of VP though.
That's just a sample of what leads to long hours. Other things include office politics, fake deadlines, live deal blowing up in everyone's face, staffer disliking someone's face, facetime culture, last minute bakeoff invite, unrealistic client/investor/other counterparty requests and senior not pushing back, senior being frustrated and creating work for no justified reason, random direct requests from seniors not handled through the staffer, and more.
This… plus imagine doing all of this for 5 different high maintenance MDs at once.
Much of banking is what I expected… but I did not expect to be working on so many things at once. Basically juggling 10 different high maintenance teams all day, it feels like everyone is racing each other to not be last
This in a nutshell at my last shop I had a douchebag vp who chose his favorites and made it a mission to get the rest to quit he started giving us all fake work to do 7 days a week until 3am finally 2 weeks of this bs later another guy on the team that overheard the vp joking with his chosen few he had been giving me fake assignments to force me to work until I quit - I proceeded to send all the bs work to the MD and tell him I’m sorry I was delayed on these deliverables and cc’d the vp, vp backtracked really quickly … I quit a month later and found out the kid was under investigation for harass another kid and the bank protected the vp and fired the other kid that complained .. horrible culture driven by one virgin db and the worst was they didn’t close a deal in a whole year and thought they were rockstars smh … long rant to say fck these banks protecting db’s
Holy fuck this makes me so angry. Fuck this fucking industry. Imagine what the family's thinking right now having their clearly abused child's death reduced to a normality.
this industry will never change
You gotta love the “nothing to report here” style of “reporting.” Article was clearly some spineless cowards helping BofA cover their ass. It’s like saying someone who’s murdered with a brick “died of head trauma” while completely leaving out the part where they were assaulted with a brick.
Wow honestly fuck BofA and fuck the FIG group head and fuck the other senior guys on the deal, including the VP. Not a SINGLE SHRED of accountability from anyone at BofA. It’s sickening to see the only thing they can say is “wE aRe dEvAsTaTeD”. Yeah I’m sure. Business as usual. “Ho-hum, another banker died from being overworked. Oh well, plenty of more candidates out there.”
I hope the group head is criminally prosecuted and BofA gets slammed with a lawsuit. This is deeply distressing to know that we work in an industry where senior guys can get away with literal murder.
The only way this ever changes is if VPs are more scared of associates/analysts reporting them for overwork than they are of slightly lowering their estimation in the eyes of the MD.
If a VP requests 5 hours of work after 10pm for the next morning, that should be a fireable offense. Let’s not pretend they don’t know, given they did the job themselves.
The irony as ever is that most MDs couldn’t care less if the VP told them that the bullshit value-add stuff that the MD never even requested couldn’t be completed on-time.
On this deal team it seems like the MDs may have been responsible, and they obviously had ultimate responsibility. But VPs need to fix their issues too and stop throwing juniors under the bus.
This is the truth. VPs have 90% of the control when it comes to a junior’s experience on a deal. Insecure ones are the worst - creating dumb work streams that no one asked for to “add value”, pencil fucking decks to the moon, turning decks 3-4x with tiny comments out of lack of confidence.
Sad… we are nothing to these people. This is like something out of a TV show
I'll say here what I've said many other times when young IBers ask for advice on approaching the job. Other than work, prioritize sleep above other things. Even other healthy things like the gym.
After many long days on a rough deal/pitch, no matter how sleep deprived you are, you might not feel sleepy at the moment you leave the office after completing the project. That might cause you to decide to enjoy that free time instead of sleeping.
But after two years of IB, you'll either look 2 years older or 15 years older. If you don't want to be one of the analysts who look 35 or the associates who look 45, choose sleep. Especially now after considering there are tail risks beyond just looking old.
Do you think Bank of America paid the medical examiner to say the associate died of “natural causes.” … Because it does not take a rocket scientist to figure out that consistently intense sleep deprivation could lead to the propensity to develop blood clots.
I suspect that was a situation akin to the game "telephone" where the medical says the actual cause (the blood clot), and the next person in line (which might be a reporter, or hospital media liaison or someone) summarizes it their own way, and then yadda yadda yadda . . by the time it gets to the printed page, people are saying natural causes.
While I believe the medical system is as prone to corruption as anyone else, it feels a little implausible to me that the bank would offer a bribe in that context. The payment would have to be very large (think of how much a doctor needs in order to sacrifice his integrity and risk his career), and the benefit to BofA would be pretty small by comparison . . a "natural causes" label doesn't do very much to prevent a lawsuit, and the size of the wrongful death payout itself would be immaterial to BofA. The reputational harm from a bribe could be much worse.
I don't think this finding of natural causes will have much impact on the future investigation, which will probably need to happen. But we'll see.
Wtfff look at the daily mail article and its infuriating dumb af comments on him being vaxxed
https://www.dailymail.co.uk/news/article-13391501/Bank-America-banker-f…
Morons really blaming the vaccine. 🤦♂️
The comments mentioning working 100+ hours are the most downvoted.
What has America become?
Exactly people are so stupid and ignorant. boiling my blood
There is a clinically valid, but extremely unlikely possibility (<0.5%) that a vaccine caused this.
What is significantly more likely is that the bodies ability to regulate platelets was destroyed, leading to the embolism.
This is equivalent to holding someone upside down for 72 hours and claiming their heart attack is from "natural causes". There is clear cause-and-effect...
IJMS | Free Full-Text | Impact of Acute and Chronic Stress on Thrombosis in Healthy Individuals and Cardiovascular Disease Patients (mdpi.com)
Thrombosis Development After mRNA COVID-19 Vaccine Administration: A Case Series - PMC (nih.gov)
It’s just disgusting how the media is claiming natural causes so the general public is just commenting on the vaccine, overlooking the fact he was working consistent 120hr weeks
That Chief Medical Examiner has got to be on BofA's informal payroll. "A natural heart attack of a fit and healthy 35-year old man." What a f-in joke.
I’m pretty sure a blood clot can form by sitting down for prolonged periods of time and then becomes fatal once one’s body rejects sleep deprivation, as well as the added caffeine. This isn’t natural, I’m surprised our sensationalized news outlets don’t key in on this.
Everyone is afraid to lose their jobs, and recently even their lives, going after such a big corp.
But yeah, it’s common knowledge. People who sit for 12+ hours a day have a high risk of dying within the next few years.
The lack of official information on this topic and amount of blind hate the WSO community has thrown around is absurd. Y’all have really earned your monkey titles. 0 critical thinking skills have been applied.
And you clearly have never opened a biology textbook.
Thanks intern, my doctorate degree is very offended right now.
This is the one time that cancel culture would actually be useful and just
Agree, but how are they going to cancel the whole bank though?
Sounds like a vaxx victim if anything.
And they say PE folks are smart. 😂
PE is a documented side effect of the vaxx. Two of the products were pulled from the market precisely for this reason.
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