Has the world gone mad?
When a group of dedicated staffers STILL chained to their desks in the early hours of the morning, isn’t good enough - then what is?
Moelis & Co, a boutique Wall Street Bank in the U.S has come under intense fire, after a scathing email sent out to employee's from a mid-level banker became public.
An unnamed male banker sent the email last week after he toured the office at 12.30am one night and found 11 employees still at their desks. Apparently not enough.
The email, first published by the Wall Street Oasis, began by naming the 11-workers who were in the office, before slamming the rest of the team for being absent.
“I know that you are ALL working very hard and are stretched thin across multiple projects,” the email stated.
“Given that new staffings continue to flow in and you are all very near capacity, the only way I can think of to differentiate among you is to see who is in the office in the wee hours of the morning.
“I know that everyone works differently and you all likely have a docking station set up at home, but I have found that when you are truly jammed with no end in sight, you should stay in the office because the connection is faster, your associates (and potentially VPs) are in close proximity, and you have access to firm resources.
“That said, this method isn’t perfect and if you have any suggestions on how I can do this more accurately, I’m all ears.”
The brutal email is all the more shocking given that, in 2015, Moelis & Co junior banker Thomas Hughes, 29, took his own life.
Mr Hughes had returned from a business trip and then immediately went to the office and worked from 6pm to 1am on the day of his death.
He then worked from home until 9.45am, before passing away at 10am.
The comments under the article which appeared in the Wall Street Oasis post were mixed, one reader wrote: “This is how all top investment banks work ... better get used to it or choose a different industry buddy,” while another said, “The staffer basically accuses people of being lazy ... This is why people aren’t going into banking.”
