The implementation of an 80-hour workweek by JPMorgan Chase and Bank of America marks a crucial shift for junior bankers, aiming to alleviate the pressure from historically excessive hours.
The tragic death of Leo Lukenas III, who was reportedly working 110-hour weeks, has prompted banks to reassess and regulate working hours for junior investment bankers.
In a recent investigation, it was revealed that Bank of America's junior bankers faced pressure to misreport their working hours, evading past policies designed to protect their well-being.
This move by the banks comes in the wake of two tragic deaths linked to extreme work hours, underscoring the urgent need for reform in the banking industry.
#investment-banking #working-hours-regulation #junior-bankers #occupational-health #corporate-responsibility
[
Collection
]
[
|
...
]