5 ms·

I understand that investment banking has always been like this. Why now, the complaints or attention?

Tarsul 5y ago
I think it's simply because one article gained a lot of interest and then other websites followed up on it. It IS an interesting topic, especially since the flavour of homeworking is added to it and how it affects the working culture, something probably a lot of people (here and elsewhere) have experienced due to corona and like to read about.
Ancalagon 5y ago
Additionally I thought a lot of students from elite education institutions were finally wising up to these practices and big finance was hemorrhaging talent to big tech the last few years?
ksm1717 5y ago
The GME stuff was a big thing (2008 was too early) for “introducing” the younger side of vice target audience to the outrage directed at large finance firms. Young grads are relatable to readers who are recently stirred up by state of the institution.
smt88 5y ago
Years ago, calling out the bad work culture in IB would get you branded a weakling, a loser, etc. The broader culture has shifted so that people are not considered weak for refusing to put up with workplace abuse. It is no longer a career-killer to blow the whistle on your current employer.
- PradeetPatel 5y ago
  >It is no longer a career-killer to blow the whistle on your current employer. I'd be careful with that statement. During my time in the reputation management industry, I was working on a joint taskforce with our social media team on a case of whistleblowing. The said whistleblower was successfully deplatformed, then promptly labelled as a hate-entity, ultimately leading to them being fired by their current employer due to the perceived fear of association. I would recommend anyone who wants to whistle to exercise caution and practice appropriate Opsec measures.
  - neolog 5y ago
    Was the taskforce's job to make that happen to the whistleblower?

I think it's simply because one article gained a lot of interest and then other websites followed up on it. It IS an interesting topic, especially since the flavour of homeworking is added to it and how it affects the working culture, something probably a lot of people (here and elsewhere) have experienced due to corona and like to read about.

Ancalagon 5y ago

Additionally I thought a lot of students from elite education institutions were finally wising up to these practices and big finance was hemorrhaging talent to big tech the last few years?

ksm1717 5y ago

The GME stuff was a big thing (2008 was too early) for “introducing” the younger side of vice target audience to the outrage directed at large finance firms. Young grads are relatable to readers who are recently stirred up by state of the institution.

smt88 5y ago

Years ago, calling out the bad work culture in IB would get you branded a weakling, a loser, etc. The broader culture has shifted so that people are not considered weak for refusing to put up with workplace abuse. It is no longer a career-killer to blow the whistle on your current employer.

PradeetPatel 5y ago
>It is no longer a career-killer to blow the whistle on your current employer. I'd be careful with that statement. During my time in the reputation management industry, I was working on a joint taskforce with our social media team on a case of whistleblowing. The said whistleblower was successfully deplatformed, then promptly labelled as a hate-entity, ultimately leading to them being fired by their current employer due to the perceived fear of association. I would recommend anyone who wants to whistle to exercise caution and practice appropriate Opsec measures.
- neolog 5y ago
  Was the taskforce's job to make that happen to the whistleblower?