Goldman Sachs restricts intern workday to 17 hours in wake of burnout death

[unhappycamper]

http://www.theguardian.com/business/2015/jun/17/goldman-sachs-interns-work-hours



The benevolent firm introduced new work hours for summer interns after Bank of America Merrill Lynch intern died from seizure induced by all-nighters

Goldman Sachs restricts intern workday to 17 hours in wake of burnout death
Rupert Neate in New York
Wednesday 17 June 2015 17.32 EDT

Go home before midnight, and don’t come back before 7am. Goldman Sachs – one of Wall Street’s toughest firms – has told interns they have got to work hard, but not too hard.

The new rules, introduced for this summer’s crop of investment banking interns, have been introduced “to improve the overall work experience of our interns”, a Goldman Sachs spokesman said. All of its summer interns across the world were informed of the new working hours rule on their first day in the office earlier this month.

Wall Street’s shift to caring capitalism comes in the wake of the death of a 21-year-old Bank of America Merrill Lynch intern who had regularly pulled all-nighters in a desperate bid to impress his bosses.

Moritz Erhardt was found dead in the shower at his London accommodation after working 72 hours straight. An inquest found he died of an epileptic seizure that could have been a triggered by his long working hours.

[hollysmom]

1. That should last a few weeks. they are so cold.

[vinny9698]

2. This is called "Plantation Mentality"

Very prevalent in today's corporate world. The companies seem to own the employees and treat them as such.

[Triana]

3. Capitalists don't mind working people to death - literally

They only mind when the ensuing deaths may dirty their immoral name. Instead of worrying about the dead, they're worried about the blood stain on their corporate carpet.

Priorities. We see theirs.

[Bettie]

4. That will be the official policy

but the reality will be that the "really dedicated" interns will ignore it and work longer hours because they are "go getters" who "want to succeed".

[Baitball Blogger]

5. I see what the big plan is for the H1-B visas..

Bring in the immigrants and work them at third world conditions.

If it's not acceptable for Americans, it's not acceptable for anyone.

[Sherman A1]

6. My Goodness

how incredibly thoughtful of them......