A 35-year-old junior Bank of America associate suddenly died—and it's ignited discussions about Wall Street's intense working conditions [Fortune]
UMB Financial Corporation (UMBF)
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Source: Fortune
work weeks and high-pressure environments that many investment bankers face. It's a particular challenge for junior investors, who are often expected to weather the hurdles as a kind of “rite of passage.” Leo Lukenas III, a former Army Special Forces soldier who joined Bank of America as an investment banker last summer , died on May 2. He died of “acute coronary artery thrombus,” or a blood clot that forms in the blood vessels or arteries of the heart, Reuters confirmed with the New York Office of the Chief Medical Examiner. The coroner's report did not establish a connection between the banker's death and his workload, but his death has called attention to the job demands required of investment bankers, like long hours, strained relationships with managers, and steep declines in both mental and physical health. It's also sparked conversations among junior investment bankers, some of whom are calling for a strike at Bank of America until their demands for more reasonable work hou
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