The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more...
A logo of the Bank of America is seen on an office building at the Gujarat International Finance Tec-City at Gandhinagar NEW YORK - The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job.
A Bank of America spokesperson declined to comment on Walters' conversations with Lukenas about his long working hours or his job search. Walters said he worked with Lukenas to prepare an application for an associate position at a "boutique" investment bank in New York, which Walters declined to name.
Bank of America is among the banks that do not permit junior bankers to work Saturdays unless an exception is sought, according to current and former employees. Lukenas, a former Green Beret in the U.S. Army, told Walters he thrived in a competitive culture and "would never say no" to assignments, Walters recalled. But Lukenas also asked Walters whether it was normal to put in 110 hours of work a week. Walters said he told Lukenas that consistently putting in such long hours was unusual even by Wall Street standards.
Douglas Walters Leo Lukenas III Hours At Work Investment Banker New York
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