If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(The Atlantic Wire)   Man collapses and dies after ______________ for 72 hours straight. A) Farking. B) Playing his favorite MMORPG. C) Working at his job as an unpaid intern for Bank of America   (theatlanticwire.com) divider line 104
    More: Sad, MMORPG  
•       •       •

11946 clicks; posted to Main » on 20 Aug 2013 at 2:25 PM (34 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



104 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-08-20 12:49:15 PM
Reports have suggested

Those theories, however, are based on the reports of his peers and fellow interns

That isn't really enough to prove that the job killed him. And, as of now, the official cause of death is unknown and the Metropolitan Police is treating the death as "non-suspicious,"

Reports say that he collapsed in the shower and that he had epilepsy

However, some studies have found that "emotional stressors such as worry, anxiety and anger may cause seizures, especially if combined with fatigue or chronic sleep loss,"

 Though, one anonymous BofA banker suggested no one forced Erhardt to work so hard


Not a single fact or source in the entire article other than some kid died and he was an intern at BoA.
 
2013-08-20 12:53:39 PM
This is an outrage! BoA worked him to death! He had a seizure because of overwo- wait, he had epilepsy? ... never mind.
 
2013-08-20 12:53:53 PM
Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."
 
2013-08-20 01:05:05 PM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I think we should be more incensed that we're selling naming rights for our Mass. Correctional Institutions to private companies.

/wait, what?
 
2013-08-20 01:06:57 PM
If he was an unpaid intern, he probably spent a fair amount of his work time both A) Farking and B) Playing his favorite MMPORG.
 
2013-08-20 01:09:00 PM

Tom_Slick: "They get to put MCI/WorldCom on their resume."


Why not just put "convicted felon" or "child molester" on there instead?
 
2013-08-20 01:12:26 PM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I worked at a major tech company a couple years ago as an intern and was making $24/hr. I would never work there normally (everyone acted like they had giant rods surgically implanted in their asses and stressed over everything because "OMG PINK SLIPS!", but the pay was sweet)

Now I work at the DoD, not as much pay, but great benefits and the only constant stress you get is whether Congress will let you get your work done
 
2013-08-20 01:17:39 PM

Angry Drunk Bureaucrat: Tom_Slick: "They get to put MCI/WorldCom on their resume."

Why not just put "convicted felon" or "child molester" on there instead?


I leave it off mine, the pay was great, but my god they were stupid.  I worked in a department of 39 people whose job it was to talk to the customers so the engineers didn't have to.  Yeah, my life in the late 90s was very much like office space.
 
2013-08-20 01:31:12 PM
www.powellunlimited.com
 
2013-08-20 01:42:54 PM
I'm having trouble confirming that he was not paid. A link on the page claims "Banking interns at BAML are paid around £45,000 pro rata, or £2,700 a month."

I would be very surprised if he were in fact unpaid. Unpaid internships aren't really a thing amongst the winners in America. Which this guy seems to have used to be. Not really so much anymore, but at the start of the summer, at least.
 
vpb [TotalFark]
2013-08-20 01:58:46 PM

Theaetetus: This is an outrage! BoA worked him to death! He had a seizure because of overwo- wait, he had epilepsy? ... never mind.


That British epilepsy is terminal.
 
d23 [TotalFark]
2013-08-20 02:26:48 PM
If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?
 
2013-08-20 02:29:25 PM

Tom_Slick: Angry Drunk Bureaucrat: Tom_Slick: "They get to put MCI/WorldCom on their resume."

Why not just put "convicted felon" or "child molester" on there instead?

I leave it off mine, the pay was great, but my god they were stupid.  I worked in a department of 39 people whose job it was to talk to the customers so the engineers didn't have to.  Yeah, my life in the late 90s was very much like office space.



How did you "Jump to Conclusions" mat work out? Lemon? Big seller?
 
2013-08-20 02:30:50 PM

d23: If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?


Well, sure. But you didn't even need this story to agree on that.
 
2013-08-20 02:31:12 PM
Pansy Brit dies from overwork. So what?  You'll not find me grieving for this latest loser in the game of life.  Why in my day, I used to work 26 hour days, walking to and from work uphill both ways, and they made me pay to work there.
 
2013-08-20 02:31:50 PM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I think this is the thread where you post a motivational speech and gather the masses to hold a bake sale for such impoverished corporations as Banc of America so they can afford to provide a minimum wage for their interns.
 
2013-08-20 02:33:05 PM

d23: If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?


Yeah, count me in.
 
2013-08-20 02:34:46 PM
A German exchange student for the University of Michigan working for Bank of America in London.

Trying to follow all that would give anybody a seizure.
 
2013-08-20 02:36:50 PM
Total lack of facts. What makes me suspect its truth, however, is the great and silly lengths BofA went to in trying to deny it/distance themselves. Sounded like a bunch of underground fraternity brothers trying to deny hazing after one of their pledges dies of alcohol poisoning and exposure.
 
2013-08-20 02:37:22 PM

Prey4reign: Pansy Brit dies from overwork. So what?  You'll not find me grieving for this latest loser in the game of life.  Why in my day, I used to work 26 hour days, walking to and from work uphill both ways, and they made me pay to work there.


To be fair, the meth hadn't been stomped on nearly as much back in the day.
 
2013-08-20 02:37:49 PM

Prey4reign: Pansy Brit dies from overwork. So what?  You'll not find me grieving for this latest loser in the game of life.  Why in my day, I used to work 26 hour days, walking to and from work uphill both ways, and they made me pay to work there.


Which one is you?
s.mcstatic.com
 
2013-08-20 02:38:04 PM
Thank God he wasn't an employee. Company insurance might have had to pay out, and there could have been NLRB issues.
 
2013-08-20 02:38:05 PM
I was definitely hoping it was A.
 
2013-08-20 02:38:14 PM
Meh.  I'd call that suicide.
 
2013-08-20 02:38:46 PM
BofA can't afford to pay their interns, maybe they need another tax break.
 
2013-08-20 02:40:04 PM
Unpaid Internship Great Experience for Local Company

Unpaid internships have no effect on your ability to get a job out of college when compared with not working.  Paid internships do[1].
 
2013-08-20 02:41:48 PM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.
 
2013-08-20 02:41:52 PM
What, in banking, is there that requires non-stop, nose to the grindstone type of work?

/DAMN IT, where was I, I lost track, was I at 4.234367 billion or... I HAVE TO START OVER, GAH!
 
2013-08-20 02:42:15 PM
Bet you they will find adderall in his system.
 
2013-08-20 02:42:25 PM
I fixed the article

>Erhardt's friends claimed required eight ball all-nighters in two weeks, exhausted him to death.
 
2013-08-20 02:42:25 PM

brimed03: Total lack of facts. What makes me suspect its truth, however, is the great and silly lengths BofA went to in trying to deny it/distance themselves. Sounded like a bunch of underground fraternity brothers trying to deny hazing after one of their pledges dies of alcohol poisoning and exposure.


Anything attached to BoA is forbidden from sneezing in public without a scum sucking...I mean...without a legal representative's review.  Expensive.  Think about that next time you're pondering a switch to a bank where the straight interest on a simple savings account is traditionally less than half of their competitors' rates.
 
2013-08-20 02:46:06 PM
As someone working a mandatory unpaid internship (which has had ZERO influence on obtaining "real" jobs) and working two other jobs so I can supplement the time I "waste" with my internship...

...ah fark now I have epilepsy.
 
2013-08-20 02:47:10 PM
100 to 110 hours a week?  Shiat, while underway in the Navy, that's pretty much the norm for divisions that have lost people to transfers or other divisions, or who have highly-technical jobs that are commonly understaffed.  For example, the "Oil King" - the guy who checks the quality of the fuel oil every half-hour before it goes into the boilers - rarely gets sleep for the first week underway, as the ship's motion churns up all the dirt, water and crud in the fuel tanks.  After a week or so, most of the crud has been filtered out.

When I tell people about doing "6 On/6 Off" shifts, they assume I'm on duty for 6 hours, then the next 6 are mine to do whatever I want!  Instead, imagine spending 6 hours in a 120-degree room with 85% humidity, going from one piece of machinery to another collecting temp/pressure data.  At the end of the 6 hours, you then have to spend 5-6 hours performing maintenance on that equipment, and then it's back on watch for another 6.  Finally, you spend 1-2 hours on personal stuff: letters home, studying training manuals so you'll be ready for the next advancement tests, etc.  You might get 4 hours of sleep - as long as you're not on fire watch and there's no fire drill that night.  But then there's a drill every night, because fires on ships suck.  You have to find time to work in meals, going to the crapper, getting a shower, etc.  Some days you're go without food just to be able to sleep more.

When you're at sea, your "week" becomes just 3 days: yesterday, today and tomorrow.  Dates are unimportant, as is the day.  Hopefully nothing goes wrong while you're on duty, but such times are rare.

Still, I'd rather be out at sea than within mortar range of some determined Hadjis!
 
2013-08-20 02:48:39 PM
More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...
 
2013-08-20 02:54:33 PM
He had epilepsy and died at home during a seizure while working art an investment banking internship.  Let this be a lesson to everyone, if your boss gives you £1000 for blow you bring him back £1000 worth of blow and you don't take half for later and cut the rest with Tide.  I'm a gonna let him finish but I'm a gonna still wanna see that tox screen.
 
2013-08-20 02:54:42 PM
Kid obviously wasn't BoA material.
 
2013-08-20 02:55:14 PM
Meh, I stayed up longer than that when I was in the Army
 
2013-08-20 02:56:55 PM

Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...


Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.
 
2013-08-20 02:59:14 PM

indy_kid: 100 to 110 hours a week?  Shiat, while underway in the Navy, that's pretty much the norm for divisions that have lost people to transfers or other divisions, or who have highly-technical jobs that are commonly understaffed.  For example, the "Oil King" - the guy who checks the quality of the fuel oil every half-hour before it goes into the boilers - rarely gets sleep for the first week underway, as the ship's motion churns up all the dirt, water and crud in the fuel tanks.  After a week or so, most of the crud has been filtered out.

When I tell people about doing "6 On/6 Off" shifts, they assume I'm on duty for 6 hours, then the next 6 are mine to do whatever I want!  Instead, imagine spending 6 hours in a 120-degree room with 85% humidity, going from one piece of machinery to another collecting temp/pressure data.  At the end of the 6 hours, you then have to spend 5-6 hours performing maintenance on that equipment, and then it's back on watch for another 6.  Finally, you spend 1-2 hours on personal stuff: letters home, studying training manuals so you'll be ready for the next advancement tests, etc.  You might get 4 hours of sleep - as long as you're not on fire watch and there's no fire drill that night.  But then there's a drill every night, because fires on ships suck.  You have to find time to work in meals, going to the crapper, getting a shower, etc.  Some days you're go without food just to be able to sleep more.

When you're at sea, your "week" becomes just 3 days: yesterday, today and tomorrow.  Dates are unimportant, as is the day.  Hopefully nothing goes wrong while you're on duty, but such times are rare.

Still, I'd rather be out at sea than within mortar range of some determined Hadjis!


It sounds like you're saying that the Village People may not have been completely forthright in their portrayal of Navy life.

/Not surprising...journalism is dead.
 
2013-08-20 02:59:54 PM

d23: If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?


You have my Axe
 
2013-08-20 03:00:21 PM
Did he get the job?
 
2013-08-20 03:02:34 PM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I agree with this.  But it's like that in many industries.  I'll give you an example...  When they were doing the post production for the PT Star Wars movies, Lucas Film had TONS of lightsaber footage that had to be rotoscoped (that is traced frame by frame and the glowing effect applied).  They hired legions of people to come in there for practically no money at all, and work tedious long hours. When those scenes were done, they simply let them all go.
The obvious upshot to all those people is that they can put Lucas Film on their resume.  I would argue that is a worthwhile tradeoff.
 
2013-08-20 03:07:49 PM

Nana's Vibrator: Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...

Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.


Oh my god a company made money! They are so evil!

I work for one of the largest banks in the world. I am treated and compensated rather well.

Get a real job and form your own opinion instead of being spoonfed misformed half-baked ideology from the internet.
 
2013-08-20 03:10:59 PM

indy_kid: 100 to 110 hours a week?  Shiat, while underway in the Navy, that's pretty much the norm for divisions that have lost people to transfers or other divisions, or who have highly-technical jobs that are commonly understaffed.  For example, the "Oil King" - the guy who checks the quality of the fuel oil every half-hour before it goes into the boilers - rarely gets sleep for the first week underway, as the ship's motion churns up all the dirt, water and crud in the fuel tanks.  After a week or so, most of the crud has been filtered out.

When I tell people about doing "6 On/6 Off" shifts, they assume I'm on duty for 6 hours, then the next 6 are mine to do whatever I want!  Instead, imagine spending 6 hours in a 120-degree room with 85% humidity, going from one piece of machinery to another collecting temp/pressure data.  At the end of the 6 hours, you then have to spend 5-6 hours performing maintenance on that equipment, and then it's back on watch for another 6.  Finally, you spend 1-2 hours on personal stuff: letters home, studying training manuals so you'll be ready for the next advancement tests, etc.  You might get 4 hours of sleep - as long as you're not on fire watch and there's no fire drill that night.  But then there's a drill every night, because fires on ships suck.  You have to find time to work in meals, going to the crapper, getting a shower, etc.  Some days you're go without food just to be able to sleep more.

When you're at sea, your "week" becomes just 3 days: yesterday, today and tomorrow.  Dates are unimportant, as is the day.  Hopefully nothing goes wrong while you're on duty, but such times are rare.

Still, I'd rather be out at sea than within mortar range of some determined Hadjis!


Yes, and the military can make enlistees go to war and kill people and maybe even die. That doesn't mean that's the norm or right in the civilian world.
 
2013-08-20 03:12:12 PM

Rurouni: Nana's Vibrator: Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...

Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.

Oh my god a company made money! They are so evil!

I work for one of the largest banks in the world. I am treated and compensated rather well.

Get a real job and form your own opinion instead of being spoonfed misformed half-baked ideology from the internet.


No wait now that I think about it you're right! I have to get here so early, 8am is so unreasonable. And I'm expected to stay here all day? Outrageous! And the secretaries don't even give me hourly BJs!

Banks truly are evil empires and horrible to work for.
 
2013-08-20 03:13:47 PM

d23: If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?


Oh, alright. I'm in.
 
2013-08-20 03:16:41 PM

durbnpoisn: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I agree with this.  But it's like that in many industries.  I'll give you an example...  When they were doing the post production for the PT Star Wars movies, Lucas Film had TONS of lightsaber footage that had to be rotoscoped (that is traced frame by frame and the glowing effect applied).  They hired legions of people to come in there for practically no money at all, and work tedious long hours. When those scenes were done, they simply let them all go.
The obvious upshot to all those people is that they can put Lucas Film on their resume.  I would argue that is a worthwhile tradeoff.


Until they're actually asked about it by a potential employer, and they have to explain that they only worked there a few weeks and apparently weren't good enough to be hired for a permanent position when that was over.  Now the resume looks worse and the applicant's competence is questionable.
 
2013-08-20 03:22:42 PM
Even though that's not what killed this guy, 14-hour work days and 110-hour work weeks are still absolute bullshiat.

/hire more people, you tightwads
 
2013-08-20 03:25:55 PM
I once worked a 105 hour week, including a 19 hour day. The weeks surrounding that weren't as bad, but still in the 75+ range. And I was doing it in the heat of summer, cleaning portable toilets.
 
2013-08-20 03:26:51 PM
Should of got a real job instead of trying to play CEO like daddy
 
2013-08-20 03:31:17 PM
If its A) build this man a statue.
 
2013-08-20 03:31:48 PM

Rurouni: Rurouni: Nana's Vibrator: Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...

Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.

Oh my god a company made money! They are so evil!

I work for one of the largest banks in the world. I am treated and compensated rather well.

Get a real job and form your own opinion instead of being spoonfed misformed half-baked ideology from the internet.

No wait now that I think about it you're right! I have to get here so early, 8am is so unreasonable. And I'm expected to stay here all day? Outrageous! And the secretaries don't even give me hourly BJs!

Banks truly are evil empires and horrible to work for.


Double post?  Did I push a few buttons?  I didn't say all banks are evil.  If you learned about what Bank of America has done, for example, with their mortgage practices, you'd see that they calculated that f*ing over their customers was worth more than the financial penalties they would incur.  The penalty for doing something illegal was not a deterrent, and they willfully and intentionally ignore laws and harmed the very people they were supposedly in a partnership with.  You'll see that yes, Bank of America is, by definition, an unethical corporation.  That's just one example of the lawsuits they're dealing with right now.  With US Government Attorneys.

Yes, through all of that, and with nondeterrent repercussions, they do manage to turn a multibillion dollar profit each quarter.  Does that make them right by your standard?  Did the board of your big superhero company try to tell you to think unethical practices are OK, too?

Anyways, I have an involuntary US Government legally enforced knowledge base in ethics.  That and my location might hint to you what I do for a living.  What our company's and our industry's practices do for money does not come close to justifying poor employee treatment in any regard.
 
2013-08-20 03:32:47 PM

mortimer_ford: Kid obviously wasn't BoA material.


Because he was mortal? I long ago assumed that BofA employees above the teller level were demonic spawn placed on Earth for all eternity.
 
2013-08-20 03:34:10 PM

brownribbon: I once worked a 105 hour week, including a 19 hour day. The weeks surrounding that weren't as bad, but still in the 75+ range. And I was doing it in the heat of summer, cleaning portable toilets.


Is that where you got your Fark handle?
 
2013-08-20 03:34:12 PM

Arumat: durbnpoisn: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I agree with this.  But it's like that in many industries.  I'll give you an example...  When they were doing the post production for the PT Star Wars movies, Lucas Film had TONS of lightsaber footage that had to be rotoscoped (that is traced frame by frame and the glowing effect applied).  They hired legions of people to come in there for practically no money at all, and work tedious long hours. When those scenes were done, they simply let them all go.
The obvious upshot to all those people is that they can put Lucas Film on their resume.  I would argue that is a worthwhile tradeoff.

Until they're actually asked about it by a potential employer, and they have to explain that they only worked there a few weeks and apparently weren't good enough to be hired for a permanent position when that was over.  Now the resume looks worse and the applicant's competence is questionable.


Nah, I don't think so.  There are plenty of short term contract positions out there.  So it's not unusual to only work someplace for a few weeks, and then be let go.  I got so annoyed with padding my resume with every single company I ever worked for that I just changed it to read, "From such and such a time till present - various contract assignments."
 
2013-08-20 03:38:25 PM
What a pussy!!!!
 
2013-08-20 03:40:03 PM

Rurouni: Nana's Vibrator: Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...

Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.

Oh my god a company made money! They are so evil!

I work for one of the largest banks in the world. I am treated and compensated rather well.

Get a real job and form your own opinion instead of being spoonfed misformed half-baked ideology from the internet.


I worked at Chase for 12 years. They paid for almost all of my Bachelor's Degree in History, despite the fact that History has nothing to do with Chase. They also gave me a free trip to New York and an award for Employee of the Quarter (they didn't call it that, but that's what it was) and a $1000 bonus. They also gave me 3 weeks of vacation after just 3 years of employment. We got stock options every single year, and we did well enough that we even got to cash some of those in for a few thousands dollars at a time. We had awesome health benefits, plenty of sick time, and emergency bereavement leave (which I unfortunately had to use twice in my time there). Raises were available every quarter, and during one 18-month period I got 3 raises, one every six months. I never once got a raise less than 5%, and once I got a 10% raise and another time an 8% raise. I was a great employee (top 10% every year) and I worked my ass off for my company and my department(s). In my 12 years with the company, my salary more than doubled. When we got promotions, we got raises, which is how it should work.

Then, in 2004 JPMorgan bought BankOne, and BankOne won the merger war. BankOne moved my department to Phoenix from San Diego in 2005. I managed to retain my employment but lost my career. Raises were limited to 3%, unless you were awesome and then you might get 4%, but that meant someone else had to get only 2%. If you got a promotion, you had to wait until the next raise cycle, which was every February. Got promoted in March? Too bad, so sad. Also, no more stock options. Severance packages were reduced (which sucked because like I said, they moved my department to another state and laid off about 100 people). Tuition assistance was canceled unless your schooling was directly tied to your current position in company, and you were a top performer. No more busting your ass at work and school to further your career with the company. No more awards benefits for good employees. No more trips to NYC, no more $1000 bonuses for kicking ass. Health insurance curbed while simultaneously charging employees more. The company stopped automatically matching 5% 401k every pay period; now you'd get a once-per-year contribution to your 401k in December, and you had to be an employee at the time of the contribution. People earning more than $50k (like me) wouldn't even be guaranteed the matching contribution; the company reserved the right to NOT contribute if they felt they couldn't afford to do so. In 2012, my old boss told me that everyone in the company making less than $100k was getting a 2% raise, no matter their performance. Anyone making more than $100k wasn't getting a raise at all, and no one was getting bonuses. Why? Because "Europe was soft." Meanwhile, JPMorgan posted record profits in 2011. They did so again in 2012. But guess what? Still low raises for everyone in 2013. And further reduction of health insurance benefits while simultaneously requiring greater employee contribution.

Chase literally went from being one of the best companies to work for to one of the worst. It was heartbreaking to live through. To watch a company I loved die a slow, painful, greedy death. So please. Tell me how awesome your huge bank is. I'd love to hear you whargarble around that corporate cock in your mouth.

/got laid off in 2010 after 12 years, got 25 weeks of severance.
//Sounds great except if I'd gotten laid off in 2005 with the rest of my department, I'd have gotten 24 weeks with 5 fewer years of employment with them.
///One coworker was laid off from Chase in 2003 after 10 years. She got 37 weeks of severance.
////Right before I got laid off, they announced bereavement leave was reduced from 5 days to 3. My dad died the week after I lost my job so while it didn't affect me, it almost did.
//Slashies. Bitter, bitter slashies.
 
2013-08-20 03:42:13 PM

r1niceboy: brownribbon: I once worked a 105 hour week, including a 19 hour day. The weeks surrounding that weren't as bad, but still in the 75+ range. And I was doing it in the heat of summer, cleaning portable toilets.

Is that where you got your Fark handle?


Nope, my handle is a George Carlin tribute, from his book Napalm & Silly Putty. One of the asides is as follows: "I'm sick of all the ribbons they have for different causes these days. Red for AIDS, pink for breast cancer, yellow for the troops, green for the environment. I have a ribbon; it's brown. You know waht it means? EAT shiat, MOTHERfarkER!


And that's how I got my handle.
 
2013-08-20 03:42:16 PM
But there is free coke in the break room
 
2013-08-20 03:44:14 PM
Take it from me, there are two levels of unpaid internships.  The first level is totally unpaid.  You spend your money or money you don't have on housing, food, and transportation for the pleasure of working slave hours at some company with the hopes that you'll eventually gain something from it.  It's a desperation gamble.

The second level is one where there is no salary, but you receive housing and maybe a small food stipend once a month or give you food in a cafeteria per the terms of an agreement between the company and your sponsor.  Often, this arrangement is found far, far from the intern's support circle - in another country or out in the wilderness somewhere.  This is a level of hell Dante over looked.  Because the company keeps you in housing and feeds you, you owe them.  It's not like the normal employee / employer owe them relationship because an employee can quit without immediately losing the roof over their head and all access to their source of food.  Safety isn't a cab ride away.  The company knows what a position they have you in and they will exploit that above and beyond anything considered equitable.

This sounds like that second level.
 
2013-08-20 03:46:02 PM

somedude210: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I worked at a major tech company a couple years ago as an intern and was making $24/hr. I would never work there normally (everyone acted like they had giant rods surgically implanted in their asses and stressed over everything because "OMG PINK SLIPS!", but the pay was sweet)

Now I work at the DoD, not as much pay, but great benefits and the only constant stress you get is whether Congress will let you get your work done


Snowden, we told you to quit posting on Fark comrad

Love

Puti
 
2013-08-20 03:53:24 PM

Headso: BofA can't afford to pay their interns, maybe they need another tax break.


Well, if that doesn't help, another bailout may be in order.
 
2013-08-20 03:59:16 PM
If he worked for Tesla, the article would be:

"Tesla is such a great company to work for and are doing so many great things for this country and humanity, that people are willing to be unpaid interns and work 72 hours straight to martyr themselves for the greater cause."

But it is Bank of America so we get a whole lot of this instead:
 
2013-08-20 04:00:05 PM

SlothB77: But it is Bank of America so we get a whole lot of this instead:


warisacrime.org

sigh.  one of those days.
 
2013-08-20 04:03:40 PM

indy_kid: Still, I'd rather be out at sea than within mortar range of some determined Hadjis!


You would have saved me a lot of time if you had put the racist slur up front, dickbag.
 
2013-08-20 04:13:14 PM

Lochsteppe: indy_kid: 100 to 110 hours a week?  Shiat, while underway in the Navy, that's pretty much the norm for divisions that have lost people to transfers or other divisions, or who have highly-technical jobs that are commonly understaffed.  For example, the "Oil King" - the guy who checks the quality of the fuel oil every half-hour before it goes into the boilers - rarely gets sleep for the first week underway, as the ship's motion churns up all the dirt, water and crud in the fuel tanks.  After a week or so, most of the crud has been filtered out.

When I tell people about doing "6 On/6 Off" shifts, they assume I'm on duty for 6 hours, then the next 6 are mine to do whatever I want!  Instead, imagine spending 6 hours in a 120-degree room with 85% humidity, going from one piece of machinery to another collecting temp/pressure data.  At the end of the 6 hours, you then have to spend 5-6 hours performing maintenance on that equipment, and then it's back on watch for another 6.  Finally, you spend 1-2 hours on personal stuff: letters home, studying training manuals so you'll be ready for the next advancement tests, etc.  You might get 4 hours of sleep - as long as you're not on fire watch and there's no fire drill that night.  But then there's a drill every night, because fires on ships suck.  You have to find time to work in meals, going to the crapper, getting a shower, etc.  Some days you're go without food just to be able to sleep more.

When you're at sea, your "week" becomes just 3 days: yesterday, today and tomorrow.  Dates are unimportant, as is the day.  Hopefully nothing goes wrong while you're on duty, but such times are rare.

Still, I'd rather be out at sea than within mortar range of some determined Hadjis!

It sounds like you're saying that the Village People may not have been completely forthright in their portrayal of Navy life.

/Not surprising...journalism is dead.


Next you are going to tell me it isn't fun to stay at the YMCA?
 
2013-08-20 04:24:07 PM

SlothB77: If he worked for Tesla, the article would be:

"Tesla is such a great company to work for and are doing so many great things for this country and humanity, that people are willing to be unpaid interns and work 72 hours straight to martyr themselves for the greater cause."

But it is Bank of America so we get a whole lot of this instead:


Not everything Tesla touches turns into concentrated misery.
 
2013-08-20 04:26:28 PM
Hurrah! They have finally convinced Americans to work as hard as the Japanese with their anti-American work ethic propaganda. Now if only somebody could remember the Japanese word for "working yourself to death".

In the meantime, let's try to remember the American words for poetic justice. Oh, I know! Massive Lawsuit!
 
2013-08-20 04:28:43 PM
Japan says to call them back when this sort of thing happens often enough that we need a word for it. They have one already we can borrow.
 
2013-08-20 04:29:37 PM

brantgoose: Hurrah! They have finally convinced Americans to work as hard as the Japanese with their anti-American work ethic propaganda. Now if only somebody could remember the Japanese word for "working yourself to death".

In the meantime, let's try to remember the American words for poetic justice. Oh, I know! Massive Lawsuit!


Dammit just a few minutes too slow :(

/"karoshi", for the record
 
2013-08-20 04:43:59 PM

Mithiwithi: brantgoose: Hurrah! They have finally convinced Americans to work as hard as the Japanese with their anti-American work ethic propaganda. Now if only somebody could remember the Japanese word for "working yourself to death".

In the meantime, let's try to remember the American words for poetic justice. Oh, I know! Massive Lawsuit!

Dammit just a few minutes too slow :(

/"karoshi", for the record


Is there a German word for karoshi?  He was a German intern working in London.
 
2013-08-20 04:46:57 PM

scottydoesntknow: d23: If we can agree on no other facts on this story, can we just agree that BofA is staffed by assholes?

Well, sure. But you didn't even need this story to agree on that.


Sure, I'll allow it.
 
2013-08-20 04:51:33 PM

Nana's Vibrator: Mithiwithi: brantgoose: Hurrah! They have finally convinced Americans to work as hard as the Japanese with their anti-American work ethic propaganda. Now if only somebody could remember the Japanese word for "working yourself to death".

In the meantime, let's try to remember the American words for poetic justice. Oh, I know! Massive Lawsuit!

Dammit just a few minutes too slow :(

/"karoshi", for the record

Is there a German word for karoshi?  He was a German intern working in London.


Abplagen means, among a few things, to work yourself to death, but I can't remember if it's a literal or figurative expression.
 
2013-08-20 05:00:51 PM

Mike Chewbacca: Rurouni: Nana's Vibrator: Rurouni: More misleading bullshiat. He had pre-existing conditions/illnesses.

Besides in college, programming and working on major projects for 3-4 days straight was not uncommon and nobody in any of my classes died...

Yes.  You work very hard.  Congratulations.
Being required to work 100+ hours would exacerbate his condition.  He's dead because a company that can turns $2,000,000,000 profit in A QUARTER shiats on their employees, who in turn shiat on their customers.

Oh my god a company made money! They are so evil!

I work for one of the largest banks in the world. I am treated and compensated rather well.

Get a real job and form your own opinion instead of being spoonfed misformed half-baked ideology from the internet.

I worked at Chase for 12 years. They paid for almost all of my Bachelor's Degree in History, despite the fact that History has nothing to do with Chase. They also gave me a free trip to New York and an award for Employee of the Quarter (they didn't call it that, but that's what it was) and a $1000 bonus. They also gave me 3 weeks of vacation after just 3 years of employment. We got stock options every single year, and we did well enough that we even got to cash some of those in for a few thousands dollars at a time. We had awesome health benefits, plenty of sick time, and emergency bereavement leave (which I unfortunately had to use twice in my time there). Raises were available every quarter, and during one 18-month period I got 3 raises, one every six months. I never once got a raise less than 5%, and once I got a 10% raise and another time an 8% raise. I was a great employee (top 10% every year) and I worked my ass off for my company and my department(s). In my 12 years with the company, my salary more than doubled. When we got promotions, we got raises, which is how it should work.

Then, in 2004 JPMorgan bought BankOne, and BankOne won the merger war. BankOne moved my department to Phoenix from San Diego in 2005. I managed to retain my employment but lost my career. Raises were limited to 3%, unless you were awesome and then you might get 4%, but that meant someone else had to get only 2%. If you got a promotion, you had to wait until the next raise cycle, which was every February. Got promoted in March? Too bad, so sad. Also, no more stock options. Severance packages were reduced (which sucked because like I said, they moved my department to another state and laid off about 100 people). Tuition assistance was canceled unless your schooling was directly tied to your current position in company, and you were a top performer. No more busting your ass at work and school to further your career with the company. No more awards benefits for good employees. No more trips to NYC, no more $1000 bonuses for kicking ass. Health insurance curbed while simultaneously charging employees more. The company stopped automatically matching 5% 401k every pay period; now you'd get a once-per-year contribution to your 401k in December, and you had to be an employee at the time of the contribution. People earning more than $50k (like me) wouldn't even be guaranteed the matching contribution; the company reserved the right to NOT contribute if they felt they couldn't afford to do so. In 2012, my old boss told me that everyone in the company making less than $100k was getting a 2% raise, no matter their performance. Anyone making more than $100k wasn't getting a raise at all, and no one was getting bonuses. Why? Because "Europe was soft." Meanwhile, JPMorgan posted record profits in 2011. They did so again in 2012. But guess what? Still low raises for everyone in 2013. And further reduction of health insurance benefits while simultaneously requiring greater employee contribution.

Chase literally went from being one of the best companies to work for to one of the worst. It was heartbreaking to live through. To watch a company I loved die a slow, painful, greedy death. So please. Tell me how awesome your huge bank is. I'd love to hear you whargarble around that corporate cock in your mouth.

/got laid off in 2010 after 12 years, got 25 weeks of severance.
//Sounds great except if I'd gotten laid off in 2005 with the rest of my department, I'd have gotten 24 weeks with 5 fewer years of employment with them.
///One coworker was laid off from Chase in 2003 after 10 years. She got 37 weeks of severance.
////Right before I got laid off, they announced bereavement leave was reduced from 5 days to 3. My dad died the week after I lost my job so while it didn't affect me, it almost did.
//Slashies. Bitter, bitter slashies.


Ugh. Sounds like what happened at Verizon between 2005-2008. I got a gig there a few years after college, after working for a company that was contracted with Verizon. I administered the data services we used, and got to intimately know how the Verizon switches and billing system worked, and lots of times, I knew more about the Verizon systems and how they'd interact with our systems than the Verizon tech monkeys did. A mid-level data support guy noticed, and offered me a job in 2002. We were paid really well (~$20-25 an hour depending on tenure), and had great benefits. The CEO was an old-timer who had been around since the Bell Atlantic Mobile/NYNEX days, and he believed in us, and thought the way to maintaining profitability was through retention and customer service. We were awesome at it, and handsomely rewarded.

Then CEO Denny Strigl took the job as head of Verizon Communications. His replacement was a glad-handing snake oil beancounter. You could see the writing on the wall, and I got out in 2008. My fiancée (now wife) stayed on until 2010 when they laid off the rest of the technical store staff. She got 6 months of severance, 6 months of paid health insurance and they paid out her accrued vacation to the tune of some $42000. One lady I knew from the Houston area had been with the company for almost 25 years, and she had to be escorted from the building when she found out that her severance was being capped at 15 years. I believe she finally got her money after retaining the services of an attorney, but I'm not totally sure. It could have gone the other way.

So, yeah, your point is valid. A great company to work for became a cubiclefarm and now i get a bad taste in my mouth whenever I use their product. Makes me sad, really, because I know what could have been, but thanks to the BoD being beholden to the shareholders and Wall Street, the lure of short term profit over long term stability and excellent customer service has made VZW what it is today - a profitable behemoth, certainly, but no different from AT&T when it comes to farking over the little guy and their own customers.

/ sorry for the wall o' text - I'm feeling vengeful today and I haven't worked there in over five years
 
2013-08-20 05:12:29 PM
I call bullshiat.   I've worked countless 72 hour stints and I'm still alive, and yes, I have health problems to boot and I still did it.  We're not talking desk jobs either -- try stage/show production work. Climbing the steel at hr 36 can be a bit of a challenge, but you take your time and get it done right.
 
2013-08-20 05:15:01 PM
I always thought companies should pay their interns to protect themselves against jaded/broke/paid elsewhere interns who may steal their data etc. and turn it around to others.
 
2013-08-20 05:20:54 PM
Outside of the entertainment industry, if you aren't worth paying then you probably aren't getting any experience worth not getting paid for.
 
2013-08-20 05:27:42 PM

Towermonkey: Ugh. Sounds like what happened at Verizon between 2005-2008. I got a gig there a few years after college, after working for a company that was contracted with Verizon. I administered the data services we used, and got to intimately know how the Verizon switches and billing system worked, and lots of times, I knew more about the Verizon systems and how they'd interact with our systems than the Verizon tech monkeys did. A mid-level data support guy noticed, and offered me a job in 2002. We were paid really well (~$20-25 an hour depending on tenure), and had great benefits. The CEO was an old-timer who had been around since the Bell Atlantic Mobile/NYNEX days, and he believed in us, and thought the way to maintaining profitability was through retention and customer service. We were awesome at it, and handsomely rewarded.

Then CEO Denny Strigl took the job as head of Verizon Communications. His replacement was a glad-handing snake oil beancounter. You could see the writing on the wall, and I got out in 2008. My fiancée (now wife) stayed on until 2010 when they laid off the rest of the technical store staff. She got 6 months of severance, 6 months of paid health insurance and they paid out her accrued vacation to the tune of some $42000. One lady I knew from the Houston area had been with the company for almost 25 years, and she had to be escorted from the building when she found out that her severance was being capped at 15 years. I believe she finally got her money after retaining the services of an attorney, but I'm not totally sure. It could have gone the other way.

So, yeah, your point is valid. A great company to work for became a cubiclefarm and now i get a bad taste in my mouth whenever I use their product. Makes me sad, really, because I know what could have been, but thanks to the BoD being beholden to the shareholders and Wall Street, the lure of short term profit over long term stability and excellent customer service has made VZW what it is today - a p ...


Yeah, Jamie Dimon is the worst thing to happen to Chase employees ever. It's been 3 years since my lay off, and I'm still bitter. I'm not bitter that I got laid off, I'm bitter how it happened. Well, I am a little bitter that it happened. I was a star employee, on the fast-track to a great career. In 2005, I would have told I'd have worked at Chase til I was old enough to retire. And then Jamie Dimon took over (after pushing Bill Harrisoin out, as well as the upper echelons of my particular subsidiary) and it all went to shiat. fark Jamie Dimon.

And I know what you mean about hating to use their products. I don't bank with Chase. At all. And I stopped while I was still employed because of shenanigans with my credit card interest rate (even thought they knew I was a Chase employee!). I tell everyone I can to avoid JPM like the plague.
 
2013-08-20 05:39:57 PM
The entire "unpaid intern" scam needs to be outlawed.  It's a way for big companies to exploit gullible kids.  What percentage of these interns actually get a real, paying job out of it?

Applicant: "Well, I did unpaid internships for IBM, and BofA and Goldman."
Interviewer: "Anyone offer you a job?"
Appliciant: "Well, no, but I got lots and lots of valuable experience!"
Interviewer:  "You really are a gullible, brown-noser, aren't you?"
 
2013-08-20 05:40:54 PM
I work for an investment bank (in a non-financial support department) and the interns and newbie bankers put in unbelievable hours.  They aren't paid very well at first, but if you can survive the incredibly long work days and low pay, you eventually make it up to the highest paid positions.

/Couldn't pay me enough to work those hours
//work to live, don't live to work
 
2013-08-20 05:45:18 PM

Fissile: The entire "unpaid intern" scam needs to be outlawed.  It's a way for big companies to exploit gullible kids.  What percentage of these interns actually get a real, paying job out of it?

Applicant: "Well, I did unpaid internships for IBM, and BofA and Goldman."
Interviewer: "Anyone offer you a job?"
Appliciant: "Well, no, but I got lots and lots of valuable experience!"
Interviewer:  "You really are a gullible, brown-noser, aren't you?"


None of those three companies is going to offer an unpaid internship. They pay very, very well.
 
2013-08-20 05:45:48 PM
At least he died doing what he truly loved.  Perhaps he reached total enlightenment and simply rejected this mortal coil.  Working for a bank can do that.
 
2013-08-20 05:49:03 PM

Theaetetus: This is an outrage! BoA worked him to death! He had a seizure because of overwo- wait, he had epilepsy? ... never mind.


Wanted for questioning:

1.bp.blogspot.com
 
2013-08-20 05:53:18 PM

redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.


==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.
 
2013-08-20 05:56:18 PM
That will look good on his resume.
 
2013-08-20 05:57:37 PM

Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.


Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.
 
2013-08-20 06:08:22 PM
My company has interns preparing to be pharmacists. They are paid. I don't understand this unpaid intern concept.
 
2013-08-20 06:11:00 PM

redmid17: Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.

Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.


===============

I'd like to know what percentage of interns (paid or unpaid) are actually offered jobs with any of these big corporations.  Can you provide the stats?
 
2013-08-20 06:13:39 PM

Fissile: redmid17: Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.

Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.

===============

I'd like to know what percentage of interns (paid or unpaid) are actually offered jobs with any of these big corporations.  Can you provide the stats?


Anecdotally. Goldman offers 90% of their interns a full time spot. I assume it's similar for the other investment banks. Every company I've worked at aimed for ~80% of the interns, more if they were a good class. As to unpaid internships, I have little to no practical experience with them. I did some work unpaid for the campus TV station, but then dropped it for a paid gig on campus doing the same work.
 
2013-08-20 06:17:27 PM
That may or may not look good on his résumé.
 
2013-08-20 06:18:25 PM

Fissile: redmid17: Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.

Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.

===============

I'd like to know what percentage of interns (paid or unpaid) are actually offered jobs with any of these big corporations.  Can you provide the stats?


Not hard figures, but my company usually offers spots to around 2/3 of the interns. The other 1/3 have no business being pharmacists in a retail world. A few years back when there was a pharmacist shortage, it was closer to 19/20,
 
2013-08-20 06:57:31 PM

The My Little Pony Killer: Even though that's not what killed this guy, 14-hour work days and 110-hour work weeks are still absolute bullshiat.

/hire more people, you tightwads


Might be time to overhaul that whole intern thing if it's being abused like that. That's basically slave labor and there oughta be a law against it.
 
2013-08-20 07:03:12 PM

redmid17: Fissile: redmid17: Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.

Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.

===============

I'd like to know what percentage of interns (paid or unpaid) are actually offered jobs with any of these big corporations.  Can you provide the stats?

Anecdotally. Goldman offers 90% of their interns a full time spot. I assume it's similar for the other investment banks. Every company I've worked at aimed for ~80% of the interns, more if they were a good class. As to unpaid internships, I have little to no practical experience with them. I did some work unpaid for the campus TV station, but then dropped it for ...


================

Sounds great, that little detail about Goldman and BoA, et al, destroyed the economy and ruined the lives of millions makes it all worth while.
 
2013-08-20 07:34:33 PM

Seat's Taken: What, in banking, is there that requires non-stop, nose to the grindstone type of work?

/DAMN IT, where was I, I lost track, was I at 4.234367 billion or... I HAVE TO START OVER, GAH!


In case you are actually curious...

Worked for another bank as big as BOA. From stories I heard of how things were across the pond, they are all the same.

Imagine, if you will, the worst bureaucracy you can possibly imagine (think Hitchhiker's galaxy)... Multiply that by 10. -That's the environment.

Then think of the stupidest manager you can imagine (Dilbert's boss) and imagine how incompetent and power hungry you'd have to be to have Dilbert's boss fire you. -That's the management.

Then add it up to an environment where you can be fired for a simple typo. Where decisions are made *only* if they help the boss out, and micromanaging is the norm. Zero tolerance/zero intelligence. -That's the culture.

Then silo up every department you can and insulate related departments from each other, and have manager's at each other's throats trying to make each other look bad in the hopes that they get the next promotion.

What you get is a company that requires a 40% uptick in pay to attract talent and after two years of this awesome pay, the real talent decides, "fark it, there's more important things in life than money" and leaves.

100 hour work weeks doesn't surprise me at all, even if they *were* paying him, and then, even if they were paying him by the *hour* still wouldn't surprise me. It was most likely entirely unnecessary work designed to make his boss look good for his next promotion. -I've been there, I've gotten two managers promoted because of my work in under two years as a high level consultant.

The work was entirely unnecessary, but they got tons of praise for it.
 
GBB
2013-08-20 08:09:39 PM

scottydoesntknow: Reports have suggested

Those theories, however, are based on the reports of his peers and fellow interns

That isn't really enough to prove that the job killed him. And, as of now, the official cause of death is unknown and the Metropolitan Police is treating the death as "non-suspicious,"

Reports say that he collapsed in the shower and that he had epilepsy

However, some studies have found that "emotional stressors such as worry, anxiety and anger may cause seizures, especially if combined with fatigue or chronic sleep loss,"

 Though, one anonymous BofA banker suggested no one forced Erhardt to work so hard

Not a single fact or source in the entire article other than some kid died and he was an intern at BoA.


Maybe BOA is at fault for hiring the disabled?   Still their fault.  They shouldn't hire people with disabilities.
 
2013-08-20 08:11:40 PM

Fissile: redmid17: Fissile: redmid17: Fissile: redmid17: Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."

I can't speak for BOA specifically but all the large banks pay their interns a ton of money to work during the summer. This guy was probably a finance major at school. My friends working at places like Goldman Sachs, Deutsche Bank, Lehman (before it went under), et al all made 10K or more when they interned. I can't imagine it is any different at BOA.

==================

$10K working 75 hour weeks for 3 months is your idea of good pay?   I made more than $10K working a temp gig for the Census Bureau(New York City area)  back in 2010 and never put in more than 40 hours a week.

Good pay? Well yeah they are getting 20+ an hour at 21, more if they work overtime. You got a sweet census bureau gig. They got job offers for usually double what they were making as interns (more if they relocated to NYC and including bonuses).  Those hours suck and are dog shiat, for interns and analysts. However they get paid very, very well. I don't know a single person who got one of those internships who is making less than 6 figures now, and I'm 27. I've only been out of college for 5 years.

===============

I'd like to know what percentage of interns (paid or unpaid) are actually offered jobs with any of these big corporations.  Can you provide the stats?

Anecdotally. Goldman offers 90% of their interns a full time spot. I assume it's similar for the other investment banks. Every company I've worked at aimed for ~80% of the interns, more if they were a good class. As to unpaid internships, I have little to no practical experience with them. I did some work unpaid for the campus TV station, but then dropp ...


I'm not really sure how you're tying the two thoughts together there....
 
2013-08-20 08:49:51 PM

indy_kid: 100 to 110 hours a week?  Shiat, while underway in the Navy, that's pretty much the norm for divisions that have lost people to transfers or other divisions, or who have highly-technical jobs that are commonly understaffed.  For example, the "Oil King" - the guy who checks the quality of the fuel oil every half-hour before it goes into the boilers - rarely gets sleep for the first week underway, as the ship's motion churns up all the dirt, water and crud in the fuel tanks.  After a week or so, most of the crud has been filtered out.

When I tell people about doing "6 On/6 Off" shifts, they assume I'm on duty for 6 hours, then the next 6 are mine to do whatever I want!  Instead, imagine spending 6 hours in a 120-degree room with 85% humidity, going from one piece of machinery to another collecting temp/pressure data.  At the end of the 6 hours, you then have to spend 5-6 hours performing maintenance on that equipment, and then it's back on watch for another 6.  Finally, you spend 1-2 hours on personal stuff: letters home, studying training manuals so you'll be ready for the next advancement tests, etc.  You might get 4 hours of sleep - as long as you're not on fire watch and there's no fire drill that night.  But then there's a drill every night, because fires on ships suck.  You have to find time to work in meals, going to the crapper, getting a shower, etc.  Some days you're go without food just to be able to sleep more.

When you're at sea, your "week" becomes just 3 days: yesterday, today and tomorrow.  Dates are unimportant, as is the day.  Hopefully nothing goes wrong while you're on duty, but such times are rare.

Still, I'd rather be out at sea than within mortar range of some determined Hadjis!


Tell us about the Battle of Midway, father!  DO tell us!
 
2013-08-20 08:57:32 PM

Nana's Vibrator: Mithiwithi: brantgoose: Hurrah! They have finally convinced Americans to work as hard as the Japanese with their anti-American work ethic propaganda. Now if only somebody could remember the Japanese word for "working yourself to death".

In the meantime, let's try to remember the American words for poetic justice. Oh, I know! Massive Lawsuit!

Dammit just a few minutes too slow :(

/"karoshi", for the record

Is there a German word for karoshi?  He was a German intern working in London.


Vernichtung durch Arbeit; very popular in the 1940s.
 
2013-08-20 09:16:18 PM
working for free at a bank?

You just failed finance 101.
 
2013-08-20 09:58:55 PM
We've had interns every summer for more than 17 years and I doubt all of them combined have done much more than 72 hours work.
 
2013-08-20 10:53:26 PM
he was a paid intern.  IBs wouldn't get interns to work those hours otherwise.

according to glassdoor, Deutsche Bank summer interns average over $5k a month; BoA, Morgan Stanley, and Deutsche Bank pay technology interns just under $30 an hour.
 
2013-08-20 11:02:37 PM
there is a loophole in the law where if you are a non-profit you can consistently hire unpaid interns. I know 1 in NYC that always has 6 non-managerial employees "research assistants," 5 are unpaid interns, one is paid and that one was just laid off due to "project funding."
 
2013-08-21 07:53:25 AM

Tom_Slick: Is this where I explode about companies not paying their interns? I've worked at 4 small companies and 1 large corporation that had interns, the small companies had a soul and paid whatever minimum wage was plus 2 dollars, the large corporation paid nothing, under the guise of "They get to put MCI/WorldCom on their resume."


I worked at a landscape architecture firm where the bulk of actual labor was done by unpaid interns who all happened to be asian for some unknown reason.  But it was a prestigious firm so it pretty much guaranteed them a job when they graduated.

Weird farking business model though.  They'd fly these kids from all over the country.  Expense the flights and their hotel stays to the developer, work them nonstop for a couple days and send them back.  If they were in the sex trade it'd be an incredibly horrible human trafficking and slavery abomination but since they drew things and built models it was all on the up and up.
 
2013-08-21 08:03:14 AM
Rurouni:  blah blah.  I'm a moron who gladly slaves for a bank so they can make tons of money off my work and they pay me a small fraction of that.  For some reason I am actually proud of this and even feel superior enough to be condescending to others.
 
Displayed 104 of 104 comments

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report