JP Morgan building plunge victim was IT chief at bank

[ShandyDrinker]

Greed.

Let me explain how that works. I offer you £100k to do a job. You say no. I offer you £200k. And you say well, no. So on and so forth until I offer you £XXX you're prepared to take any crap I hand you.

Eventually the money cannot cover the underlying emotions of your actions. You feel isolated. You could walk away but that would mean leaving the money. I can't do that so the isolation now becomes entrapment. There's no way out. Or is there.

Greed.

Sadly this is probably very true.

[Scruff]

The manager of my department at the Bank of England stabbed himself to death too.

Very sad.

[Mich the Tester]

There are IT staff taking crap there for £25-40k day in/day out, ok they may be juniors but nevertheless still emotionally vulnerable like all human beings.

I didn't know the guy when I was there but he was there a long time and most V.P. level staff like him at JP Morgan are usually the most secure in their jobs often leading a team of workers and responsible for something that cannot be done away with easily. So I am curious to find out what was the root cause of this problem. I mean no IT job in the City is worth killing yourself over, I was never sacked or made redundant ever but I didn't care if it ever came to that - for me it would have just meant a forced change not the end of the world.

If you 'really' get to know IT staff in the city most of them hate/dislike their jobs immensely and only put up with it because of the money, they don't go their to socialize regularly or to make life long friends.

But according to JP Morgan's spokesperson, "we are deeply saddened to have lost a member of the JP Morgan family at 25 Bank Street today."

Are you saying it isn't all happy families there? Isn't that corporatespeak statement not just a bit nauseating?

[SantaClaus]

But according to JP Morgan's spokesperson, "we are deeply saddened to have lost a member of the JP Morgan family at 25 Bank Street today."

Are you saying it isn't all happy families there? Isn't that corporatespeak statement not just a bit nauseating?

How quaint, they call themselves a "family".

It's a nasty, vindictive place to work.

[d000hg]

How quaint, they call themselves a "family".

It's a nasty, vindictive place to work.

Sounds like family to me

[MyUserName]

Greed.

Let me explain how that works. I offer you £100k to do a job. You say no. I offer you £200k. And you say well, no. So on and so forth until I offer you £XXX you're prepared to take any crap I hand you.

Eventually the money cannot cover the underlying emotions of your actions. You feel isolated. You could walk away but that would mean leaving the money. I can't do that so the isolation now becomes entrapment. There's no way out. Or is there.

Greed.

And this is effecting people to the point where they take their own lives? :-( that is FUBAR

[Mich the Tester]

How quaint, they call themselves a "family".

It's a nasty, vindictive place to work.

I thought it would be. I did a few months in an IB back in 2006; it wasn't my kind of place. Apparently everyone else there was a genius. I didn't meet a single one I could call a happy genius though.

[SantaClaus]

I thought it would be. I did a few months in an IB back in 2006; it wasn't my kind of place. Apparently everyone else there was a genius. I didn't meet a single one I could call a happy genius though.

Yep, they are just run-of-the-mill average people who think they are geniuses, some of them quite neurotic.

The most important thing at JP was to put in an appearance for extremely long hours to demonstate you were "married to the bank". Not surprising many of them got divorced.

[scooterscot]

And this is effecting people to the point where they take their own lives? :-( that is FUBAR

Weather it's money, anorexia, or depression they all have their release points.

You'd probably find copious amounts of mental illness throughout IB.

Ex-army chaps always seem to survive the IB without much of a problem.

[Mich the Tester]

Yep, they are just run-of-the-mill average people who think they are geniuses, some of them quite neurotic.

The most important thing at JP was to put in an appearance for extremely long hours to demonstate you were "married to the bank". Not surprising many of them got divorced.

At one stage, I was a little confused about some credit risk principles, so I asked about some term (which I have since forgotten) to try and get a good explanation. The other three people in the meeting groaned and one said loudly ' if you're too stupid to know that then you shouldn't be working here'. I then made seperate appointments with all three of them to ask for more explanations; would you believe it , the explanations were all different and contradicted each other on several points, so I politely confronted them with this and the chappy who had been rather rude to me was then roundly ridiculed by the other two. So off I went to some chappy who writes the equations and he provided another explanation with which they all agreed. However, not one of them had the decency to admit to being wrong or thank me for helping to clarify things, as would be normal in many other industries, and there was certainly no apology for insulting me. Not that I expected one.