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Goldman Sachs Rookie Analyst Almost Escaped Before Falling To His Death
Submitted by Daniel Drew via Dark-Bid.com,
From the early days of Zero Hedge in 2009 to Matt Taibbi's 2010 critique, "The Great American Bubble Machine," Goldman Sachs has been one of the all-time favorite punching bags in critical circles. It's easy to imagine Tyler Durden in a Fight Club style brawl with Lloyd Blankfein, taunting him, "No bailouts this time."
Taibbi called Goldman "a great vampire squid wrapped around the face of humanity." This time, their victim was Sarvshreshth Gupta, a rookie analyst just 22 years old from the University of Pennsylvania. Gupta was found dead in a parking lot next to his apartment building on the corner of Sacramento Street and Brooklyn Place in San Francisco. He apparently fell from the building.
After working 100 hours a week, he told his father, "This job is not for me." In March, he quit. However, like the crazy woman in Fatal Attraction, Goldman was not going to be ignored. A week later, Goldman urged him to reconsider. His father encouraged him to return, and he did. Gupta was put on a reduced schedule (does 70 hours qualify as reduced?)
However, it was just a ruse, and Gupta was back up to 100 hours again soon enough. On April 16 at 2:40 a.m., he called his father again, "It is too much. I have not slept for two days." This time, his father told him to quit. Gupta said he would leave the office soon. Several hours later, he was found dead in the parking lot. Goldman strikes again.
Just six weeks later, Thomas Hughes, an associate at investment bank Moelis & Co., jumped off his luxury apartment building in Manhattan. Witness Mario Mroczkowski said that Thomas was decapitated after hitting a guard rail.
All of this reminds me of another story two years ago. Moritz Erhardt was a 21-year-old intern at Merrill Lynch. After working all night for 3 days in a row, he collapsed in the shower and died.
Bankers have become the modern day chimney sweepers as far as physical health is concerned. Yes, they are well-paid, but it's hard to enjoy your money when you're at the office all night or when you're dead. Even the financial career website "e-financial-careers" published an article called "How banking can ruin your body and mind." When a large career network releases the financial equivalent of the surgeon general's warning, that should catch your attention.
According to Tim Bean, a trainer who works with bankers at Lloyds, 51% of men working in the City who are over 40 years old have erectile dysfunction. From caffeine to alcohol to cocaine, the banker's body is a pharmaceutical playground.
One notable excerpt from the article is called "The banking body-abuse cycle:"
Michel studied two departments at two investment banks (one comprising corporate financiers, the other salespeople and traders) and conducted hundreds of interviews. She eventually concluded that bankers go through a cycle of bodily abuse until they either drop out or take control.
One to three years: Abuse
In the first 1-3 years of a banking career, Michel discovered that bankers tend to repress their bodies. During this period, they work hard regardless of exhaustion/broken legs/eating disorders/alopecia and do whatever is required to get the job done. Michel came across one female banker in this phase who had fallen and broken her leg in two places on the way to a meeting. Although it changed colour and was painful, the banker ignored the symptoms until her meeting was over.
Four to six years: Breakdown
After 4 years in a banking career, Michel said bankers' bodies start fighting back. "Bankers developed embarrassing tics, such as nail biting, nose picking, or hair twirling," she discovered, adding that the bankers she studied, 'shopped, partied and consumed pornography' to combat numbness, achieve control and escape. At this stage, however, the previous years of bodily abuse start to become an issue. "It is an ongoing battle. My body caves in one way and I find another way around it'" one banker told Michel.
Six years plus: Care and attention
Bankers who make it through the body-meltdown phase were compelled to start taking note of their physical limitations and to start looking after themselves, said Michel. Interestingly, she suggested that this applied most effectively to bankers who'd spent six years or more working for a single firm: "Bankers had to be socialized before they could distance themselves."
One solution is to avoid banking entirely. Gupta had the right idea, but the Goldman Sachs vampire squid sucked him back into the office. In a world where corporations have rigged the job market, college graduates can't find work, and machines are taking over nearly every job, Gupta was just trying to survive by taking one of the few opportunities left in the post-crash world.
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Oh great, the "coincidence theorists" will have a field day with this.
Lloyd will you please join him.
Exit strategy
Cult of greed and deception.
You conform to the "conditioning" or you are out.
Notice how they are always goyim or maybe a token Indian.
Blankfein deserves boiled rope.
How the F do I turn off Tyler's Top 10 streaming BS with Firefox. Ad Block or something.
There are mercenary's here in the USSA, and this is no bullshit, most are ex-CIA/ex-Mossad who do this type of work. They take instructions and perform with no questions asked thinking it's their duty for their country.
I personally know 2 of them.
How many reasonably intelligent professionals do you know who fall off of 30 story buildings?
Worth moar dead than alive.
(banksters beware your employer)
Or maybe after a long and expensive stint of education, and racking up tons of loans, they discover that their only job prospects are 100 hour a week jobs, and when their body stops being able to handle it, they think that it's all downhill from there, and rather than accepting the prospect of a life of regret and poverty, they'd rather take themselves out near the top. Or at least that's probably what they think.
Use both Adblock Plus
https://addons.mozilla.org/En-us/firefox/addon/adblock-plus/
AND NoScripts
https://addons.mozilla.org/en-US/firefox/addon/noscript/
If you use No Scripts you have to manually allow / disallow zerohedge if you want to use the full functionality of the website, OR allow zerohedge and hope No Scripts blocks enough of the other tracking and bandwidth sucking scripts from other sites (farcebook, google ads etc. etc.)
I'm shocked at the amount of advertising and other stuff I see every time I view zerohdege using IE (which doesn't have similar add ons).
My 2 cents FWIW
u f
"doesn't have similar add ons"
What are you talking about? Same software, same price...
https://adblockplus.org/en/internet-explorer
Like Mafia, you can't submit your resignation to the Godfather. You know too much to become *detached* so you must be eliminated. Lesson for the delusional youngsters who dream of becoming 1st layer bankers one day - once you reach the rank where you get access to information which must remain know only inside of the rank hierarchical circles you either continue to play the game or you must disappear to protect and prevent the information from eventually spreading outside of the circles.
No Goldman/(Golden) Parachute. No parachute at all...
"How banking can ruin your body and mind."
They forgot soul.
Banker Burnouts.... don't jump, go postal!
It's the right thing to do.
Nothing wrong with "shopped, partied and consumed pornography'"
If anything, the general blue collar probably does this just as much as I. Except with less $.
He felt bad, fell out a window. Just like how a bunch of guys fell on 20 nails to the skull. Or the high end Mercedes brakes failed. Or the helicopter fell out of the air due to carberator failure. Accidents happen. End of story.
More to consider. He had quit once and they pulled him back in close again. (Must have been a liability or very good at doing high profit work.)
He decides to quit again and get's fathers approval, which would have been an immediate stress release.
Note:
He was brought back in for a reason (good or bad). He called from work most likely on a company line. If they killed him they were monitoring his calls (or he gave notice to his supervisor right there). To kill him they had to have a couple guys on call in the building to do just this type of work on short notice. And for them to kill him on site would mean he had serious info or they thought he might have serious info.. Every floor of that building must have security cameras.
They have become so immune they do not even distance themselves from it. Means they know LE will never do a real investigation because they have control of the system. We could go on and on about 911 and false flags, false wars, pedophiles, all major spectables perverted with occultish messages, MSM and how those responsible at the levels we can see are still worshiped by the citizens of the US.
How much hope is there:
Seems Bush jr is now viewed by almost half the people as a positive figure and the same for Hillary. At some point it will become like the purges in long ago Russia where the citizens turn each other in to be disappeared. And all who speak out will be first to be taken away to wait there end. The loud mouths who talk big now will be wimpering fools and some of the most compliant once a few are dealt with. See you there.
That's been the case since the 1910. What's changed recently that people can seemingly appear from shadows like smoke in a high security building with armed security personelle on the other side of a bolted door to defenestrate a strong and health young man. That's just crazy talk, accidents simply happen anything to the contrary is a fairy tale. It's just terrible, terrible luck is all.
The rest of it, the hype then and the hype now. Who gives a shit about their investigations any ways and of course they'll find themselves without fault. It is what it is. They've got other things to worry about, like the people they owe money or promises to. They'll be sleeping with a gun under their pillow and looking over their shoulders for the rest of their lives when it collapses. It's a problem that takes care of itself and waste of energy bothering with them. The red flag was a fabulously wealthy 22 year old with a high powered position, they aren't cracker jack prizes that are given away for nothing.
Years ago this kid lived a couple of doors over from me, I watched him detail cars for five years. First on weekends. Then weekends and after school. Then car lots. Five years later 22 year old with five of his friends detailing cars every day. Couple of portable setups for house calls as well. He's paid for school with cash he made, completely clear of debt. He even covered the pints when he and the lads go for a tear on Saturday nights. Good looking kid, cute girl friend and had a nice ride. Believable because I watched him bust his chops building his business and juggling all the shit life throws at people. He has merit. Give someone like that 5k, they make a job for six people, pay it back in a year and everyone is healthier and wealthier for a bit of honest effort.
The one that got sad and fell out a window. Not so much. No fucks given. Accidents happen.
With OBD3 being mandatory in all cars now: brake failures, and runaway engines are becoming the norm
SING IT O'JAYS !!
"For The Love Of Money"
https://www.youtube.com/watch?v=GXE_n2q08Yw
Slight correction to the story above about the boy banker being decapitated. The word is that when he hit the guard rail his head was sliced in two. One part laying on one side and the other with his body on the other.
Still.....
...not an open casket funeral.
yet no hits for that video when searching liveleak. makes me think it didn't happen.
http://www.theguardian.com/commentisfree/2015/jun/03/city-corporates-destroy-best-minds
hard working people ....makes me almost feel bad ... however, are these interns "the Goldman" people talk about ? just wondering ...
corzined or rubinomics, or serving God ... comes to mind when you hear the name ....
This is the way they are told it works and its what the other cattle are doing. You can only push so hard, for so long. GS cares nothing for the people, they only want the field plowed forever.....
my point is that ZH is barking the wrong tree ... if ZH has the balls to take on GS the interns are not the way to go.
for the Guptas of the word ... none took him at gunpoint to work for the devil ... if you sell your soul, there are consequences ... there are no coincidental accidents, he probably knew too much.... otherwise none would cared
GS interns are slaves. Skateboarder's cousin interned w/ GS M&A and worked constant 90-100 hr weeks.
How can any of the big I-bank employees, in 2015, have any conscience to keep doing God's work for their masters? They are without conscience, those who worship money.
p.s. Mr. Gupta has has one of the most complicated first names I have ever seen.
You know why they bury bankers 12 feet under ground?
Because deep down bankers are good people.
Sorry, Goldman. I'm not going to have sympathy for you no matter how many of your interns you kill.
have to learn how to do heroine responsibly to make it these days. Only when the GF is on the rag every other day
Never thought I'd see the day when ZH gets all conscientious over banksters jumpin. Arrest Lloyd Blankfein and be done with it.
I don't see this article as sympathetic to Goldman Vampire Squid, at all.
They are showing you how the evil starts. You have to disengage from your body and mind to make it. Only then can you enter the rings of hell as a disengaged, numb, drugged up, unfeeling psychopath. Only then are you ready to make the BIG moneymaking decisions without regard for who you hurt.
Disconnected from self = no empathy for anyone.
Damn the rest of the world, I WANT MINE. I don't care who I hurt or what planet I destroy.
See how that works?
yep--it's just banking bootcamp
thx mscreant, you just wrote the first part of my answer to nodebt;)
second part: he was so young. i regret a lot of stuff i did when i was 22...........
third part: never forget, this is a whole system. moral is something you get tought.
3b) its allways worth trying to talk to such people, kind of plant a seed of thought;)
4. doesnt matter if he jumped or was jumped, forcing people to work 100 hrs/week is slow murder.
Unicorn. "forcing people to work 100 hrs/week is slow murder."
Any institution that receives Bailout $$ off of my overworked ass, should be forced to work 120-150 fuckin hrs per wk!
The Financial Industry equivalent of working at height without a harness, painting in an enclosed space without ventilation etc. Young people don't know that they can say fuck off and walk away.
Many are saying fuck off and walking away before they ever start.
The only surprising thing is Goldman tries to do this secretly. However, I have no doubt there will be an easter egg at the scene which will hint to any other employees trying to escape...er... quit will be met with the same end.
seriously? is this still zh??? or did this just become gq?
At least they were doing 'God's Work!'
sorry. no sympathy for anyone that chooses to be a career criminal....i mean banker.
Exactly, if GS needs sympathy, they should go to the Webster's Dictionary.
They'll find their sympathy between Sex and Syphilis.
How hard can it really be? I mean GS get's the data before it's released publically. There is a reason they can go quarter after quarter, year after year, without having a losing day. If the data is bad = buy stocks + sell PM's. If the data is good = buy stocks = sell PM's. The last 6 years have been a cakewalk for these leeches.
Still sorry the kid couldn't get out alive.
I'd like to see this with Medical School students.
Med School students? Why? Cut out the middle-man, get a Sales Degree, and go straight to work for Big Pharma.
Boattrader that's the best line I've read all day. And no I don't say that often.
Thanks, I guess looking at Medical/Insurance crap sorta put me in a "mood". Glorified Pushers these days...
https://www.youtube.com/watch?v=rpoEmlxUPeQ
I dont get it. Why do some banksters work so hard? Why and for what?
Rookie analyst salary $120k maybe? Life insurance policy beneficiary Goldman $1mil? $880,000 to the bottom line. Easy math
I probably earn much less but I am confident that I am ten times more enjoy life than these bunch of bankers.
“Bankers had to make management and start delegating the 100-hour weeks to younger staff before they could distance themselves.”
Fixed for Ms. Michel.
Sloppy work by someone, 20 something's don't jump from windows they OD on heroin. Maybe a budget hitman. Cost cutting measure.
The only reason people work harder not smarter is tighter margins; tighter margins means more volume to trade a net profit.
This sort of thing suggests the ponzi economics are coming home to roost.
You can almost feel sorry for these poor bankers . . . NOT.
I think after taxpayer bailouts, .gov and the bank rates a manslaughter charge don't you? Or at the very least a RICO charge for conspiracy.
Oh department of crony justice, where are you?
Oh yeah, after Dot Com and FIFA in far off lands trying to extort money.
I don't feel bad for him. He paid for his greed. He had it right by quitting, then went back. Made a decision to quit again, but instead quit life.
Wasn't his decision, it was his father's decision. I would not be in those shoes for all the tea in China.
His father told him to quit the second time. Now whether his dad said, "you're a little bitch and will amount to nothing, so quit" is something only his dad knows, and will have to live with if he did. Even if his dad did say anything like that, still is idiotic to kill yourself over, and at this guys age he should understand that. So no, I still have no sympathy for selfish people.
What would be a coincidence is if it was ruled a suicide with no investigation, no video evidence that the guy existed after informing Goldman he was quitting AND if the person declaring it a suicide just happened to buy a new car.
Coincidences should always be investigated, no?
Maybe his father will have 80% of his life-debt wiped away...
There is only one way out of a criminal syndicate.
Liberty is a demand. Tyranny is submission..
My guillotine says two.
kchrisc, I can't seem to wrap my head around that downvote. Hell, I wish we were neighbors.
"Hell, I wish we were neighbors."
We probably will be; In one of Zion's basements. I'll be the guy tapping out "YYZ" in Morse on my cell wall, as, thanks to Rush, that is all I know how to.
Liberty is a demand. Tyranny is submission.
https://www.youtube.com/watch?v=WddSQVTwj_Y
Oops.
With regard to the '100 hour' workweek: Is this an issue of actual assigned 'workload', or is it more of really 'getting into your job' ($$$incentive) and time just gets lost...?
Bankers don't die. They just go to hell and keep working.
They were on loan from hell to start with. They just bring a little bit of home with them when they join us here on earth.
"Bankers don't die. They just go to hell and keep working."
Hard to tell anymore if Hell is down below or right here.
This would make a great plot for a remake of "The Prisoner".
Meanwhile Lloyd is in the Hamptons buttfucking corzine
As a former underpaid soldier, I have exactly zero sympathy for the banksters. They have the option of quitting. Just take it and move along.
"The Government has told me yet again to take the required two weeks off so they can conduct the legally mandated audit.
We'll toss that up to legal. Keep at it and we'll handle it Sanjay. Don't sweat the small stuff...folks say this all the time in America but nothing ever comes of it.
I think I better talk to my Dad.
You do that! Here's an extra quarter mil while you think it over!
"So I guess we have an opening" - Lloyd
No, everyone else just has to work more!
GS should hire thousands of dirty indians/muslims - nobody cares
Not a bad business plan. Lowers the costs of job reduction & attrition that will go straight to the bottom line & fatter bonuses for the chosen ones! Goldman wins again! Woohoo!
The problem is inexperience. For example, most inexperienced people will tell you it will take x hours to get something done, where x is the minimum time.
Experienced people know things always go wrong and say it will take x+y hours to get something done. Things invariably go wrong, but the +y hours allow for troubleshooting.
This is true in finance, engineering, accounting, drilling, painting, everything. Young people are just stupid. Especially these excel jockeys who are afraid to speak up or ask for a raise every week/month. And they are afraid because they have no real skills. And the reason all these analysts are young and fresh out of school is because the bosses know that experienced people won't put up with their bullshiit the way fawning rookies will.
And those analysts put up with it because they think it will help them get into private equity. The reality is the only way to get to private equity is to be known by someone, or to cold-call your way into an interview.
Pfft, just one dead (so far) at the Squid. How many has JPM thrown off the rooftops/bridges/heartattacked in hottubs, 10, 12, moar?
Looks like you have some catching up to do, Lloyd.
GS didn't know after the BOA kid died from overwork several months ago? Some kind of macho sickness going on here.
Worked to death? I think I'll wait to see the toxicology reports before I count work as the single cause.
Doesn't a prez candidate have a relative working for GS?
Think that candidate will be immune to GS threats? Either blackmail they already have or actual physical threats on the person.
I got alopicia my 4th year working. Start losing the hair on my face. Smooth as a baby's butt. But in patches. Then it was half my face. I looked like the phantom of the opera.
I went to a doctor. Said if he knew how to regrow hair, he wouldn't be working at Hopkins. Wtf.
Went to a wedding in India. Doctor looka at me and says "you need to calm down".
Took a job in sales. My hair grew back. Holy shit stress does strange things to you.
The Japanese have a name for this: "Karoshi", which means being worked to death. It's quite common in their society. Now Wall Street has adopted it with a twist. They have life insurance on all their key employees. Work yourself to death, jump out a window (or are pushed) it's all the same. The company collects.
Its not only the stresses of banking that prompt people to jump out of windows. Haven't the kids kids who assemble i-junk done the same thing?
Born in 1950, I worked as a broker at a small 'boutique' firm (where one could do their own thing - no sales mgr looking over your shoulder & no lists of stocks to push) on Wall St 1976-82. Did well, averageing 120K, but it just about killed me. Coke everywhere. I could even call a guy I knew who worked on 'the floor' and have a bag on my desk right after the close. Tho' I like my micros and ocassional bud, been clean 31 yrs. Got the hell out of the city and went back to carpentry and did OK as a builder and enjoy a big organic garden. Happy to have survived the craziness and enjoy a simpler life.
...but it's hard to enjoy your money when you're at the office all night or when you're dead...
Oh, but it's so much easier to enjoy life with noplace to live, no future, and no food... /s/
Cry me a fucking river. What did Guppy expect when he went to work for the Devil? There can never be enough of these monsters dropping dead like this .... I'd like to see 100/day pretending to be raindrops ....
Just more Khazar garbage.
Mabbe he should'a come back to India with his money , paid corrupt people to become a head of some organisation and would'a mutiplied his money many times.
How is that stealing money is so much work hours per week? Everything is automated nowadays, do they actually "Work" 70 hours and 100 hours a week? Doing what? I'd love to know how is a normal day, what do they do these fuckers