Another heartbreaking story about an intern that passed away after working long hours just hit WSO and I'm thinking why does this keep happening and what can we do to prevent it (or at least make it more rare) as a community ...with reach into virtually every BB, MM and boutique investment bank in the world I think we should be doing more.
How do we change the culture? Most BBs have instituted certain policies that make it harder for abuse on the interns/analysts, but what about the MM and boutiques? If changing the culture is too hard/unrealistic, what can we do to make the abuse less pronounced?
Where can people easily find the policies that have been put in place? Are they publicly posted and compiled anywhere? How do we know if the banks are actually following them? I think WSO could help bring some of this change and put pressure on the industry to treat their junior bankers better.
I wanted to start this thread to help collect ideas before deciding how/what to do. I just don't want to sit here and do nothing when a lot of these deaths (and even medical treatment/emergency room trips) are avoidable.
What if we were to try and create a general industry policy that helped protect the most vulnerable to overwork/abuse at the bank and have the banks sign it? and then as part of WSO Company Database would rank the banks on how well they adhere to the policy?
I'm sick of these horrible headlines - let's change it together. Who's in?