Go Back   Professional Soldiers ® > At Ease > The Soapbox

Reply
 
Thread Tools Display Modes
Old 02-27-2014, 10:13   #31
Airbornelawyer
Moderator
 
Airbornelawyer's Avatar
 
Join Date: Jan 2004
Posts: 1,937
Quote:
Originally Posted by GratefulCitizen View Post
Could be unrelated suicides and/or murders.
It's a big planet with plenty of people.

Poisson clumping and modern communication/media technology can make things seem more related than they really are.
Human beings are quick to make associations, but the permutations for random, seemingly related events among over 7 billion living humans is effectively infinite.

We'll see if the pattern continues.
Quote:
Originally Posted by Roguish Lawyer View Post
You guys must be going through a ton of tin foil.
Ditto.

The suicide rate in both the US and the UK is about 12 per 10,000. In Switzerland, it is about 11 per 10,000. In Germany, it is about 10 per 10,000. And it is much higher among males (19, 18, 16.5 and 16 in the US, UK, CH and DE respectively). These countries are among the leaders in banking and financial services.

Bank of America, Citigroup, JPMorgan and Wells Fargo each have around 250,000 or more employees. Barclays has about 140,000 (25,000 of them in Barclays Investment Bank). Deutsche Bank has almost 100,000. UBS has over 60,000. Morgan Stanley has about 55,000. BNY Mellon has about 48,000. Credit Suisse has about 47,000. Goldman Sachs has about 32,000.

The financial services sector in the US alone employs approximately 9.85 million people, of whom 4.07 million are classified as in "Management, business, and financial operations occupations".

Obviously, not all of these are high-flying investment bankers, but there are somewhere around 100,000-200,000 of those, with a high turnover every year, and they are predominantly male. Also, whites have higher suicide rates than non-whites, and investment bankers are also predominantly white. Suicide rates are also higher among alcoholics, and bankers drink like fish. Suicide rates are also much higher among people at the late stages or end of their careers or useful lives (the highest rate is among 45-64 year olds), and for an investment banker, 37 is actually not young. Investment banking is high-stress and has a high turnover, which is why the really successful ones make what seems like outrageous amounts of money. And pretty much every major investment bank has announced more cutting of employees, even as economies in many of their markets improve.

Many of my clients were investment bankers, though primarily on the deal-making rather than trading side of the business, and as high-stress and depressing as my job was, I did not particularly envy them. And we had a high turnover too. Of my starting class at my firm of 30, 10 were gone within a year, and by the fifth year only 4 were left. By the seventh year, one was left, and it wasn't me.
Airbornelawyer is offline   Reply With Quote
Old 03-18-2014, 15:56   #32
spherojon
Guerrilla
 
spherojon's Avatar
 
Join Date: Nov 2009
Location: Murrieta, Ca
Posts: 316
http://nypost.com/2014/03/18/string-...ffles-experts/

Quote:
The financial world has been rattled by a rash of apparent suicides, with some of the best and brightest among the finance workers who have taken their lives since the start of the year.
__________________
“Try not to become a man of success but rather try to become a man of value.”
–Albert Einstein
spherojon is offline   Reply With Quote
Old 03-20-2014, 14:26   #33
MAB32
Guest
 
Posts: n/a
Anybody remember this former Wall Street Banker?

www.youtube.com/watch?v=Y2lum-T7_hc

What is he munching on?

Last edited by MAB32; 03-20-2014 at 14:31.
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump



All times are GMT -6. The time now is 04:48.



Copyright 2004-2022 by Professional Soldiers ®
Site Designed, Maintained, & Hosted by Hilliker Technologies