A Wall Street investment bank has come under fire of late
A Wall Street investment bank has come under fire of late, after an unnamed employee sent an email to staff berating them for not being in the office late at night.
A mid-level banker at Moelis & Co sent the email, first published via Wall Street Oasis, applauding 11 workers who were still in the office at 2am, whilst simultaneously attacking their missing colleagues.
The email read: “I know that you are all working very hard and are stretched thin across multiple projects. Given that new staffings continue to flow in and you are all very near capacity, the only way I can think of to differentiate among you is to see who is in the office in the wee hours of the morning.
“I know that everyone works differently and you all likely have a docking station set up at home, but I have found that when you are truly jammed with no end in sight, you should stay in the office because the connection is faster, your associates (and potentially VP's) are in close proximity, and you have access to firm resources (office services, Bloomberg, etc.).
“That said, this method isn't perfect and if you have any suggestions on how I can do this more accurately, I'm all ears. On the bright side, we only have a week and a half until our class dinner! Looking forward to blowing off some steam with everyone!”
The email divided the public, with some claiming that this is simply how investment banks work and others arguing that it was bad for morale.
One commenter wrote: “The staffer also basically accuses people of being lazy and then tries and spin it like they can't wait to get dinner all together.” Another claimed that is highlighted a lack of “human management skills”.
What do you make of this email? A friendly reminder on productivity, or a HR error? Tell us in the comments.