Jpmorgan hid 2 coronaviruses cases from employees for a week & we find out from CNBC this evening, not through the OC.....

VP in IB-M&A

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Comments (54)

  • Assist. VP in PE - LBOs
Mar 13, 2020

My mother is chief risk officer of a major Asian bank. They're also doing the same fucked up shit. I was literally screaming at her now. If fucking countries are shutting down, why can't a bank's employees work from home for 2 weeks

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Controversial
  • Intern in IB-M&A
Mar 14, 2020

It's a fucking overblown bat flu. Get back to ur damn desks!

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Mar 14, 2020

Are you trolling? The hospital system is over run in Italy and healthy young people are passing (Although not nearly as much as old people). Conservative estimates show 500,000 dead in the USA.

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Mar 15, 2020

Not to downplay the severity of the situation, but many reputable sources track cases and deaths. Here's one of the sources: https://www.worldometers.info/coronavirus/
So far, 68 deaths in the US and 6,500 deaths worldwide. Kinda far off from the 500,000 deaths you're stating. I think everyone should have real stats and then make a well-informed decision on how they want to react to the situation. Overstating facts causes further panic.

Also, according to Centres for Disease Control, Covid-19 has a fatality rate of 0.9% to 3.4%, depending on existing underlying conditions and age. As long as you practice safe distancing (even if you're forced to go to the office - no handshakes, wash hands, and wear a N95 mask, etc) you can significantly reduce chances of catching it. But if you do catch it, its not a death sentence. 50% recovery rate and 3% fatality rate so far. Stay safe

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Mar 15, 2020

Oh look - another anonymous intern with a dumbass take on the situation.

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  • Intern in IB-M&A
Mar 15, 2020

Relax CRE, it's called a joke. We all know liberals are immune to humor.

EDIT: And I know I'm an intern, but what makes you such a fucking expert? Did you build a hotel that now has a coronavirus case and all the sudden you think you're an epidemiologist?

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Funniest
  • Intern in IB-M&A
Mar 14, 2020
JPMorgan383:

"Well facetime is important now since our firm revenue is decreasing and we have limited deals".

Mind if I use this bit of info to place a few trades?

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Mar 14, 2020

Hahaha

Mar 14, 2020

Also a case in 277 park they are hiding from employees, according to my coworker

Mar 14, 2020

In all fairness the two cases weren't hidden... The individuals impacted have been at home for the last 7 days and everyone that had exposure to them has been contacted.

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  • Senior Consultant in Consulting
Mar 14, 2020

Wow that's pretty messed up.

Mar 14, 2020

Insane lack of concern shown by banks towards their employees here - have heard multiple accounts of people being diagnosed with Covid-19, and banks either withholding or delaying release of the information and then permitting colleagues to continue working on the same floor that the infected person had worked on.

At least for IBD / M&A functions, there is no reason why people can't all work from home for the time being. I guess that the banks are concerned about their bottom line especially since this year is likely shaping up to be a very bad one, but it's honestly no excuse when your own people's lives are at risk.

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Mar 14, 2020

Agreed. I don't know what to do. Honestly, leadership should get criminal charges for this, its absolutely disgusting.

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Most Helpful
Mar 14, 2020

Stop complaining and just short the banks that have old execs in your PA. Maybe especially the ones that have a lower headcount and are known for being the hardest of the hardos like Lazard maybe.If you're young you're aren't going to die. The older bankers are idiots for not working from home. If the hardo MDs get sick it is their fucking fault.

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Mar 16, 2020

You do realize that some survivors suffer from PERMANENT lung damage, right? They can't even walk fast without feeling like they are suffocating! This impacts them for the rest of their lives. Out of the 12 individuals that were examined, 9 of them had lung damage according to scans.

Array

Mar 17, 2020

Source?

Mar 14, 2020

Criminal.

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  • Associate 1 in IB - Gen
Mar 14, 2020

I'm surprised the media hasn't caught on to this. Would show WSO in a great way actually honestly with finance people being able to voice their concerns and make known acts of injustice done by banks. All in an attempt to make banking culture better.

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Mar 14, 2020

Everyone that has 1st hand proof should reach out to media agencies and news papers on this. This is going to be - and should be - a major scandal for the BB's.

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  • Associate 1 in IB - Gen
Mar 14, 2020

C'mon man. JPM is already having a tough time dealing with Dimon's hospitalization. If you release this, you're really going to drive their stock price down

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Mar 15, 2020

Who the fuck cares about a stock price when people's lives are on the line. Get your head out of your fucking ass.

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Mar 17, 2020

Member of the media here. Reach out directly if you have specific information.

Mar 14, 2020

.

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  • Senior Consultant in Consulting
Mar 14, 2020

.

  • Intern in IB - Gen
Mar 14, 2020

lol you guys gotta chill, although pls sell the stock and make a panic, I will just keep buying JPM, you guys are some fools

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Mar 15, 2020

that's some intern thinking there

Array

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Mar 15, 2020

lmao

Mar 15, 2020

Wow, the assholes seriously just sent an email to all mid-town employees saying they wont notify us when there are coronavirus cases. They will only contact the "potentially impacted individuals" who sit near the person.

Do they seriously not understand how the virus spreads? It spreads in the air, and spread is being driven by asymptomatic people. They could acting like "deep cleaning" infected areas means jack shit.

They are going to have 1000+ sick employees in a week, and the deaths will be on their hands.

Mar 15, 2020

some things are worth getting fired over imo

Mar 16, 2020

You do realize that some survivors suffer from PERMANENT lung damage, right? They can't even walk fast without feeling like they are suffocating! This impacts them for the rest of their lives. Out of the 12 individuals that were examined, 9 of them had lung damage according to scans.

Array

Mar 15, 2020

What's JP's policy right now? Did they do the split into 2 teams, half WFH and half in the office and then they switch? I thought 383 was pretty crowded already because of the re-modeling of the other building.. so even if 50% is WFH, the building is still pretty crowded right?

Mar 15, 2020

Exactly, both 383 and 277 park absorbed most of the headcount from 270 park that they are tearing down, so even with 50% WFH, it's still extremely crowded. It's also mostly open office, non-ventiliated, windows don't open type of building (E.g., my whole floor was sick pretty much all winter because thats how viruses spread...). It's insanely dangerous and I am documenting everything because there needs to be legal consequences to JPMC for this.

Mar 15, 2020

For those interested, here's what they said in most recent email they sent out:

"Given the breadth of the pandemic, our goal is to quickly notify those who most need to know, which means we will not inform the entire buildings each time a confirmed case occurs"

Mar 15, 2020

do what I did and say you tested positive for coronavirus. I am now working from home and my MD calls me to check on me everyday. I just cough a few times and stuff napkins in my nose to sound congested. they are all scum and you need to play their game.

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  • Associate 1 in IB - CB
Mar 15, 2020

For all the talk about being a "tech company", the upper echelons of JPM still run as if it's 1999 and somehow believe that time in seat = productivity. Never mind that if you walk around any banking floor at any given time, you'll see plenty of people just browsing WSJ/FB/Insta/Tinder. Of course the senior bankers with that antiquated mindset can't fathom that work can be done anywhere but at a dark wooden desk with a tie around your neck.

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  • Senior Consultant in Consulting
Mar 15, 2020

So, what's price floor if this get out fellow monkeys? For, ahem research purposes of course.

Mar 15, 2020

Created alt for obvious reasons.

I have had a fever and cough since Thursday. I am 100% sure I have coronavirus and have let my team know.

There are still not tests available in NYC unless you need hospitalization. The JPMC process is to only notify coworkers - the ones that sit near you at least - when you have a confirmed test. However, it's impossible to get a test unless you need to be hospitalization. Since I am young and healthy, I wont be hospitalization (knock on wood), and won't be tested.

Everyone who sat near me last week is at risk, but JPMorgan won't even notify anyone.

I don't see a case where thousands of employees aren' infected by Friday, and this was completely unnecessary. I could be lets say 90% effective WFH, now I'm 0% effective because I'm too sick to work.

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Mar 15, 2020

This is horrible. I hope you get well soon and I hope people who sat near you get well soon and nobody dies at JPM, even though it sounds like somebody deserves it

Array

Mar 16, 2020

You do realize that some survivors suffer from PERMANENT lung damage, right? They can't even walk fast without feeling like they are suffocating! This impacts them for the rest of their lives. Out of the 12 individuals that were examined, 9 of them had lung damage according to scans.

Array

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Mar 15, 2020

Maybe i'm missing something...isn't this grounds for a massive lawsuit? Like a multi multi million dollar lawsuit?

Mar 15, 2020

Using a throwaway account here. Also work at 383 and our group gave no formal announcement of the 50% WFH test run last week until Friday night at 7PM after pencils down. Likewise, we had no idea how officially WFH was going to work or when it would start. We got an email from OC on Thursday (after we all came back into the office) morning but didnt hear anything from the group head / seniors until later in the evening. This lack of communication / direction is kind of ridiculous coming from a place that calls itself an industry leader.

Mar 15, 2020

Also got a tone deaf email from my group head today about the 2 confirmed cases and how we cannot lose our "productivity" in a time like this.

  • Associate 1 in IB - Gen
Mar 15, 2020
Comment
Mar 16, 2020
Comment

What concert costs 45 cents? 50 Cent feat. Nickelback.

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