Banker Deaths Leave Industry Concerned as Coroners Probe

[SecularMotion]

Source: Bloomberg

Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry.

The inquest into the death of William Broeksmit, 58, a retired Deutsche Bank AG (DBK) risk executive found dead in his London home in January, will start tomorrow. The inquest for Gabriel Magee, a 39-year-old vice president in technology operations at JPMorgan Chase (JPM) & Co., who died after falling from the firm’s 33-story London headquarters, is scheduled for late May.

The suicides were followed by others around the world, including at JPMorgan in Hong Kong, as well as Mike Dueker, the chief economist at Seattle-based Russell Investment Management Co. The financial world’s aggressive, hard-working culture may be hurting itself, professionals advising on mental health in the industry say.

At greatest risk are “those who have not cultivated friendships, networks, outside of their company,” said Stewart Black, professor of global leadership and strategy at IMD, a business school in Lausanne, Switzerland.

Read more: http://www.bloomberg.com/news/2014-03-24/banker-suicides-leave-industry-concerned-as-coroners-investigate.html

[TBF]

1. Spinning as a mental health issue -

interesting. I'm not buying it.

[hedgehog]

2. I think it's more likely that a Russian mobster is involved.

[Berlum]

3. "Move along. Nothing to see here. Just some nutty bankers. Smirk." Big Bank, Inc. (R - GlobalStyle)

[aquart]

4. Just throwing it out there...Could it be guilt?

[2pooped2pop]

5. or fear of a guilty verdict coming? n/t

[Zorra]

6. My pet theory is that they were all caught trying to blow the whistle

on their respective employers, and were dealt with accordingly.

[newfie11]

7. Mine too. Nt

[Bette R. Daize]

8. Interesting for all this concern now

I wonder if there was as much concern for the many, many more suicides of the lowly peasants whose finances and lives were made a shambles by these poor, over-stressed banking executives. I think not. Surely they did not give a rat's hiney about our stress and suffering at their hands.

[NBachers]

9. Amen, B.D.

Hey, also, let me welcome you to Democratic Underground.

The days will be better with you here. Thanks for being part of us.

[Bette R. Daize]

10. Much appreciated!

[Nihil]

11. "At greatest risk ..."

> At greatest risk are “those who have not cultivated friendships, networks, outside of their company,

... who are therefore at risk of being manipulated, threatened, bullied and/or blackmailed by the spiders
nearer the centre of the web and who are both expendable as well as vulnerable to overwhelming guilt
when the true outcome of their "following orders" breaks into their little bubble ...

The spin to try and slant this as a "mental health issue in the industry" in order to distract any further
awkward questions (or "insubordination&quot is sickening.