Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours
Wall Street's top chief executive has rejected concerns that young bankers are suffering from burnout, arguing that junior staff should be able to tolerate long hours in “interesting” work. Lazard CEO Peter Orszag appeared to downplay criticism that newcomers to the banking industry are overworked, even as JPMorgan is limiting the hours of junior team […]
Bank of America is making it harder for junior bankers to lie about their work hours – Fortune
Bank of America is rolling out new tools to more closely monitor the hours worked by junior investment bankers, part of a larger trend by banks to limit the hours of younger employees in the months following the sudden death of a junior associate. Bank of America's new monitoring tools, due to take effect next […]
Wall Street Dems are rallying for Kamala Harris — will bankers make the same mistake they made with Obama in ’08?
With the media hyping up the possibility of former dork-turned-cool-brat Kamala Harris becoming president, Wall Street Democrats aren’t wasting any time jumping on the bandwagon to convince the undecided billionaires that Harris is the winner in November’s election. Wall Street executives should support her and they will not regret it. History shows they will regret […]
Central bankers love the ‘childless cat ladies’ JD Vance ridiculed
Andrew Jackson, who appears on the $20 bill, is a misunderstood president. He is known primarily for his mistreatment of Native Americans and the passage of the Indian Removal Act, a reputation that obscures Jackson’s true accomplishments: he took on the central bankers and defeated them. The loan shark is the enemy of the family: […]