JPMorgan Chase appointed Ryland McClendon to oversee the wellbeing of junior bankers, aiming to limit work hours to 80 per week amid burnout concerns.
The new role was created following the tragic death of a Bank of America associate, highlighting growing concerns regarding the unsustainable work schedules of junior bankers.
CEO Jamie Dimon emphasized the importance of this management role, signaling a serious commitment to enhancing the work-life balance of junior investment bankers.
Despite previous efforts to protect junior bankers, skepticism remains about the effectiveness of new policies and the long-term cultural changes at the bank.
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