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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsImagine you're a highly competitive person rewarded with fat checks... then the fat checks stop
Imagine you're a highly competitive, results-oriented person whose job once rewarded your work with a fat check. Then the world's economy crashed. It's your fault. As a result you have new rules about what you can and cannot do. You're catching up with new compliance regulations and working harder than before, but you can't produce the money you once did. The means of production you once had are gone.
Perhaps it would be rash to call it a spate or a trend, but in the past six months a number of financial professionals from the United States to London to Hong Kong have committed suicide.
So it's time to talk about why.
http://www.businessinsider.com/why-wall-street-bankers-committ-suicide-2014-2
jberryhill
(62,444 posts)Suicide is one of the top ten causes of death generally.
There are a gazillion people who work in the banking industry. In a lot of banking organizations, the title "vice president" is about as unusual as "associate" in a Wal-Mart, since they need signatory authority for a lot of common transactions.
So my question is: How does the recently commented-upon set of deaths compare to any other similar time period?
In other words, is this a trend in reporting or a trend in actual events?
FSogol
(45,484 posts)in the same time period. However, DU and the media seem to want to get all tin-foily about it.
Bluenorthwest
(45,319 posts)Active duty is about one a day, 349 in 2010.
FSogol
(45,484 posts)snooper2
(30,151 posts)WTF is this article about
Dentists kill themselves more than financial workers according to businessinsider FYI-
http://www.businessinsider.com/most-suicidal-occupations-2011-10#3-dentists-are-167-times-more-likely-to-commit-suicide-17
Sarah Ibarruri
(21,043 posts)PowerToThePeople
(9,610 posts)so they off themselves?
Brigid
(17,621 posts)For ordinary families who lost homes, jobs, and everything else in the financial crisis these predators caused, thank you very much. Not directed at you, Sarah, but at the fat cats this article says we're supposed to feel sorry for.
Sarah Ibarruri
(21,043 posts)Lizzie Poppet
(10,164 posts)Those inconsiderate shitheads might have landed on a stray cat...
DetlefK
(16,423 posts)There's less bank-jobs for the same amount of bankers. You could be replaced anytime by someone who is younger and willing to work for less.
I know someone who studied finances. He tells real horror-stories about the stringent tests that banks use to weed out applicants. (Math, languages, management-skills...)
If the bank can find someone whose skill-level is better than yours (big companies LOVE charting a worker's skill-levels) and who works for less money than you, you're a goner.
AngryAmish
(25,704 posts)pipoman
(16,038 posts)Six years ago. ..not a single regret. .
Sarah Ibarruri
(21,043 posts)pipoman
(16,038 posts)Sarah Ibarruri
(21,043 posts)pipoman
(16,038 posts)I'm now Executive Chef for the organization. I am head of dining for 2 nursing homes, and GM of the restaurant. We will be opening a second restaurant late this fall, and a very progressive facility and program to keep nursing home eligible seniors in their own homes, which will provide food service.
My story is more about following my heart and finding my gift in my 40's...not about losing my job or livelihood unexpectedly.
JI7
(89,249 posts)and how they treat some people horribly and like to show off with what they have. these people convince themselves they deserve and are better than others.
when things change and they realize they were never better and when their "friends" from the times when they had money stop being their "friends" they can't handle it.
again , i don't know anything about the individuals who committed suicide so this may not apply to them. it might even base a stituation of them feeling shame for not being able to provide for their family.