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Wall Street’s 120-hour work weeks go on trial
7 Articles
7 Articles
Wall Street’s 120-hour work weeks go on trial
A legal test of Wall Street’s grinding culture goes to trial next week.A banker fired by Centerview in 2020 two months into her employment says the firm wouldn’t accommodate her medical need for eight hours of sleep a night and is seeking millions of dollars in compensation. The case helped fuel a revolt across Wall Street, mostly since quelled, by junior talent tired of 120-hour weeks.That it hasn’t settled — Centerview can easily afford to mak…
She clocked out at 1 a.m. without asking her supervisor for permission. As a result, a young female banker on Wall Street was fired. Now she is suing for millions in damages in a New York court.
Nine hours of sleep as a career killer: a young Wall Street banker is fired because she is not available 24 hours a day. A court in New York must now clarify what investment banks are allowed to demand from their young employees.
The dismissal of a junior analyst by the Centerview Partners consulting bank leads to a federal trial in Manhattan. By claiming accommodation to sleep eight hours a night, the complainant frontally attacks the 100-hour week dogma.
Can Wall Street banks fire employees who insist on their nightly sleep? Next week, the trial between investment bank Centerview and its former employee Kathryn Shiber begins at the federal
Centerview Partners, the prestigious New York merger and acquisition consulting firm, had designed for Kathryn Shiber a labor agreement that many bankers would...
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