Banker Deaths Gain Pace

Subject: Banker Deaths Gain Pace Tue Oct 06, 2015 3:38 am

The rising number of banker suicides has been written about here before; the New York Times now focuses on the increasing number of deaths, by suicide and otherwise, on Wall Street:

Quote :: In retrospect, it was around Easter that John Hughes began to think something unusual was going on with his middle son, Thomas, a 29-year-old investment banker.

The Yale Club.

John’s former wife, Marypat, had arranged for brunch at the Yale Club, in Manhattan, with her three sons: Thomas, who worked at the Wall Street advisory firm Moelis & Company; John III, a young lawyer at Sullivan & Cromwell; and Joseph, an undergraduate at Fordham. The Yale Club, near Grand Central Terminal, was an easy enough trip on the train from her home in Westchester County, and an even easier one for her sons. But Thomas couldn’t make it. “There’s some big deal cooking at Moelis or whatever,” John recalls his son telling him. “He had to work through that whole stretch.”
Generally understanding of the long hours Wall Street banks expect of their youngest employees — after all, the pay was as high as the hours were long — Thomas’s parents could not fathom why he was not permitted a two-hour break on Easter Sunday. Ms. Hughes was miffed. “She just didn’t understand how this possibly could be on this particular day,” John says.
Less than two months later, on the morning of May 28, a Thursday, Mr. Hughes stepped onto the stone windowsill of his 24th-floor rental apartment on the southern tip of Manhattan and jumped to his death. He had been up all night, on an alcohol- and cocaine-filled binge, as best as can be determined by the police, whose report indicated that Mr. Hughes appeared to have been drinking heavily and that there were signs of cocaine use. The medical examiner has not yet released his toxicology report, but the police ruled the death a suicide.
Since Thomas did not leave a note, no one can be certain what he was thinking. John refuses to believe that his son committed suicide, despite the police report. He suspects that Thomas’s death was related to the stress he was under at work and that he used cocaine in a misguided effort to re-energize himself for the workday after a night of heavy drinking. And the combination of the alcohol and drugs made him crazy.
There is no simple answer to what leads a person to take his own life…

http://disinfo.com/2015/10/wall-street-deaths-gain-pace/

Banker Deaths Gain Pace

The rising number of banker suicides has been written about here before; the New York Times now focuses on the increasing number of deaths, by suicide and otherwise, on Wall Street:

Banker Deaths Gain Pace

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