In response to the death of junior banker Leo Lukenas III, Bank of America is reevaluating its work hours policy, assigning senior bankers to monitor junior employees' hours to ensure compliance with an 80-hour workweek limit. The initiative comes after reports indicated that long hours are a concerning norm in investment banking, with many juniors reportedly logging over 77 hours weekly. As part of this overhaul, the bank has also introduced a time reporting tool for increased oversight.
Bank of America has tasked select senior bankers with ensuring that junior employees work within the bank's 80-hour workweek limit, following the incident involving banker Leo Lukenas III.
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