Depressing Moelis & Co. Staffer Email
So this email has been making the rounds all day and it was sent by an NYC Moelis Staffer to all the analysts at the office after finding out that many of them weren't in the office at 2AM. Each number listed was crossed out to maintain confidentiality.
I just walked the floor and saw the following people in their seats:
I know that you are ALL working very hard and are stretched thin across multiple projects. Given that new staffings continue to flow in and you are all very near capacity, the only way I can think of to differentiate among you is to see who is in the office in the wee hours of the morning. I know that everyone works differently and you all likely have a docking station set up at home, but I have found that when you are truly jammed with no end in sight, you should stay in the office because the connection is faster, your associates (and potentially VP's) are in close proximity, and you have access to firm resources (office services, Bloomberg, etc.).
That said, this method isn't perfect and if you have any suggestions on how I can do this more accurately, I'm all ears. On the bright side, we only have a week and a half until our class dinner! Looking forward to blowing off some steam with everyone!
MOELIS & COMPANY
399 Park Avenue
New York, NY 10022"
Thoughts or opinions from this email. I didn't exactly graduate with a 3.9 and have my choice of top IB groups, but this is certainly not a good look for employee morale or potential future classes of analysts. I guess the sweat shop rumor of the firm is also true.
And in case anyone forgot about this: "Deaths Draw Attention to Wall Street's Grueling Pace"
Mod Note (Andy): More upset analysts here... Moelis is a Sweatshop