Mod Note (Andy): Update - This story was confirmed earlier confirmed by our sources. Our prayers go out to his family.
From Bloomberg:
Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, Bank of America spokesman John McIvor said by telephone today. The death is being treated as non-suspicious, a spokesman for the Metropolitan Police in London said in a statement.
Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, a Bank of America spokesman said. Source: Seelio via Bloomberg
“He was popular amongst his peers and was a highly diligent intern at our company with a promising future,” Bank of America said in its statement. “Our first thoughts are with his family and we send our condolences to them at this difficult time.”
Erhardt was found unconscious at Claredale House, a student residential facility in East London. He was pronounced dead at the scene after being treated by paramedics, said the police spokesman, who asked not to be identified, citing agency policy.
Sounds terrible but I could not find anything online yet.
Seriously? This has not gone around the email chains yet in London... If this is true then it's either some underlying condition or substance abuse. Nobody dies from 1 all-nighter.
Heard he was in J.P. Morgan FIG...
.
.
.
Source.
From what I know - one of the best interns in IBD BAML- 3 all nighters - didn't turn up, colleagues went to find him - heart attack
source: other ppl in london
R u sure your info is accurate ?? This is unbelievable. Its really sad.
This is horrible. RIP.
People can actually stay awake 72 hours without sleeping?? I'm starting my IBD internship at a BB pretty soon but if I have to work 72 hours in a row I'm pretty sure within a few months you guys will be discussing my sudden death.
this part is complete and utter guesswork: to stay awake 3 nights you had to have had lots of coffee/+red bull, and that kind of mixture cannot be good for your health. got a friend in baml who confirmed it so it's an incredibly sad situation. And honestly puts the whole work-life balance thing truly into perspective.
Dont tell me anyone actually buys this...
Rumor spread, job done.
Who are you guys to judge and joke?? Think twice, this is not any kind of scandal - we lost a friend!
Member for 11 hours.
Member for 1 hour.
Forgive the skepticism... looks like we'll just have to wait a bit to verify this one.
i don't see any incentive to spread such kind of "rumours". actually very sad to hear about this
This is why you guys need to know when to tell your seniors to fuck off, because at the end of the day no one in the bank gives a shit about your health and mental wellbeing
Excellent point. +1.
Damn this is sad. Anyone find it in any media outlets?
If this is true, it's flat out horrible.
Heard BAML is keeping it quiet.
Just confirmed it with a SI there whom I know personaly. She was surprised to know that I heard about it.
The WSO information network runs deep
Any news on whether it really was a heart attack?
No details from her. Seems they told them not to comment about it. She didnt even tell me in which team he/she was.
Horrible if true, may have involved a lot of coffee/redbull and underlying condition?
No surprise that they're keeping this quiet.
Just awful. RIP.
that's awful. rip...
This I can definitely believe...
Definitely at BAML, was living in Claredale House where a lot of London interns stay, email was sent out to everyone there about the incident.
Source??
Why does it have to be an underlying condition, taking away the blame (at least part of) from these investment banks running their analysts (who are 20 year old kids) to the ground?
well its partly senior bankers being retarded but partly also juniors, at some point you have to call it quits, I mean doing 3 all nighters is a bit like wtf, baml isnt even that much a sweatshop, if you just go home after your 2nd all nighter people wont get mad...
.
This is just sad..
Hopefully the poor guy's family sues the shit out of BAML.
Very sad news. Will be interesting to see what the repercussions of this are.
Why is this not on the news? Surely the press would've known by now.
Can confirm that HR from one of JPM / MS / GS have sent an e-mail round to line managers of IBD interns saying something along the lines of 'don't work your interns too hard for the final weeks'
Oh wow ...
this is kind of funny.. b/c it reminds me of.. a few years ago there was a suicide (few all nighters -> burn out -> then the analyst got chewed out for something, which quickly seemed like the end of the world given his mental state at the time) at Barc/Leh. a close friend's friend was in the same analyst class.
an email? message? went out from HR informing the MD's to not work the analysts too much. you know, especially the ones in the bullpen that watched the guy deteriorate -- and probably hear him get yelled at i.e. the last straw -- before he took his own life. as a result, everyone in the analyst class got a weekend off. (woohoo!)
it's not worth it guys.
This is terrible. Probably a kid like the rest of us on WSO who was so excited to be working there, at least when he got the offer...
I don't remember being excited during my IBD stint... worse 3 months of my life.
Tbh summer analysts need to watch out for themselves a little. I saw these kids in my bank this year just hanging out past 2-3 AM with nothing to do cause they felt like they needed to be there and still show up by 9AM. Then there were the ones who were proud of pulling all nighters or sleeping the office doing bs work.
You don't die from work. I'd put my money on this being a drug related incident. Maybe the intern was taking adderall and OD'ed?
I certainly hope not. What an awful way to try to reconcile the tragic death of your son.
Is it a guy for sure ?? Some folks are saying it is a gal.
People on this thread have gone back and forth. I'm not fully convinced this is a real story at this point.
Horrible, horrible situation. RIP
Or a prior health thing. But I agree, you don't die from work.
People need to stop commenting on this thread. If you haven't worked these hours you should immediately shut up and refrain from commenting. Period.
To those who have worked a stint in banking or who are currently working who are commenting and laughing or criticizing you should likewise shut up.
Mods should consider locking this thread.
It's not MS, their IBD interns finished a week ago. I don't think it's JPM either, my money is on Goldman
Have had this confirmed from an extremely credible source
Not quite true, MS IBD interns are going into their last week. Did hear of GS interns at Claredale House being asked by HR about what happened though, so sounds like it might be them.
Doesn't have to be drug. Working too hard definitely plays a role here. I'm from China and for the past 4 years almost half dozen people died from working too hard at Big 4 and investment banking that were on the news
Confirmed from a BAML banker on my endJPM/GS ended 2 weeks ago in NYC, not sure about LON
Why don't people just refuse to continue working at some point? I like to believe I am very ambitious, and pulling an all-nighter is not an issue I guess, but if my superiors ask me to work 60 hours in a row I'd sincerely tell them to go f*ck themselves. Everybody knows that working such kind of hours without sleeping is not brutal but just complete insanity.