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Re:Young Goldman Sachs bankers ask for 80-hour week cap by jplr8922 on Saturday March 20, 2021 @04:02PM (#26525716)
When I was a junior in the financial industry, I worked in small trading shops where stone-age behaviors was the norm. I had a boss who wanted me to join him at a strip club. Another one did drink on lunchtime before trading in the afternoon. I once had a manager who wanted to discuss the number of women he had sex with during happy hours. I've seen sport bets with big numbers simply to impress the colleagues. I could go on and on. They all had this toxic kind of ''work hard play hard'' mentality, where work hard = do everything I tell you and play hard = some toxic way to deal with the stress.

This kind of ''hockey team leadership'' works well when all players have the same hard skills and backgrounds, but quickly crumble if the team size gets higher and more diverse. Its easy to fake group cohesion if all members are the same douchebag.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by simplestman on Saturday March 20, 2021 @11:31PM (#26527915)
This is very unsettling comment for me.

I have participated in same behavior but in the tech industry. I joined my managers at strip clubs for lunches, I introduced fresh grads and H1Bs to endless buffets at strip clubs. Happy hour were pretty much required work activity everyday.

But I never thought it was bad, I mean strip clubs are sleazy, but I always considered happy hours to be part of team bonding. The best teams, I have worked in, also drank heavily.

Not sure if it is age or if it is because I don't go to happy hours that much anymore but I also don't have a strong bond for my team.

But I sort of feel bad for all those reluctant H1Bs who I introduced to strip clubs. I wonder if they really enjoyed hanging out with us or if they were pretending.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by jplr8922 on Saturday March 20, 2021 @11:53PM (#26527980)
Well if you end up in a toxic workplace there are limits to what you can do as ''the new one'', and unfortunatly you often have to follow along if you don't want to loose your job.

In my view there are two ways to understand this problem.

1) As a feminist issue. And it is, since no women will feel good in this kind of workplace where strip clubs are the norm. On the long run its counterproductive for society to allow these behaviours at the workplace.

2) As a creativity issue. Even in a hypothetical where women/minorities don't exist, these behaviours would still be an issue from a business point of view. The ''sport team mentality'' kills intellectual creativity. Try to sell these guys an idea which is alien to their monkey-culture... impossible. While working in these environments, I think I've read up to 10 books about ''how to pitch your idea'', not understanding what was wrong. True creativity is impossible in these circles, and their business usually fails at some point. It happened two times in my life, and I'm not 35 yet.

Getting in touch with your subconscious is like loosing your virginity ; it wont happen if you alway group with similar peers.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by rajacombinator on Sunday March 21, 2021 @01:03AM (#26528247)
Between endless buffets at the strip club + happy hour after, how did you get any work done?
Re:Young Goldman Sachs bankers ask for 80-hour week cap by mobutu on Saturday March 20, 2021 @06:06PM (#26526399)
Sounds cool place to work at.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by jplr8922 on Saturday March 20, 2021 @06:21PM (#26526483)
In my experience, most workplaces have at least one manager with a light-medium addiction problem (tends to be alcohol for olders, and marijuana for millenials). It might be hard to spot, but the best way to track it is the quality of decision making.

Unfortunatly, addiciton and other mental health problems are almost impossible for the firm to adress until its too late for everybody (disgrunted employees, missed business opportunities, etc). I hope this COVID crisis will make us more preventive regarding these issues.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by cratermoon on Saturday March 20, 2021 @06:41PM (#26526609)
Addiction is a disease of the brain, not a mental health issue.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by glial on Saturday March 20, 2021 @06:57PM (#26526696)
Can you elaborate on the distinction?
Re:Young Goldman Sachs bankers ask for 80-hour week cap by cratermoon on Sunday March 21, 2021 @01:29AM (#26528320)
Mental health issues may have no clear physiological cause. Even if there's a physiological aspect, it's unclear what the causes that condition. Depression, for example, we see low serotonin levels, but we don't know why the levels are low. In the case of addiction, the mechanism is clear. https://science.sciencemag.org/content/278/5335/45
Re:Young Goldman Sachs bankers ask for 80-hour week cap by curryst on Sunday March 21, 2021 @11:51PM (#26536667)
Addiction issues are mental health issues because there is no reward; it is not a rational choice. It follows that people with addiction issues are either not informed enough to make a rational choice, irrational, or for some reason are unable to say no.

If the model were really this simple, relapse would be non-existent. I can't believe any former addicts would make a rational choice to relapse.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by secondcoming on Saturday March 20, 2021 @04:48PM (#26525965)
In the UK (London at least) it's not unheard of to have a pint at lunchtime, and not just in the finance industry.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by bayindirh on Saturday March 20, 2021 @06:50PM (#26526653)
From my experience, a pint at lunchtime is considered normal in all EU, and it's not harmful when done in moderation (read: not every day).

This implies something way harder.

BTW: I've always thought that Margin Call is a very very movie showing internals of the financial institutions.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by xref on Sunday March 21, 2021 @02:53AM (#26528609)
Is that second “very” supposed to be “realistic” or “fake”? Think I’ve heard people say “realistic” before
Re:Young Goldman Sachs bankers ask for 80-hour week cap by bayindirh on Sunday March 21, 2021 @04:14AM (#26528908)
It's an editing error. It should read:

BTW: I've always thought that Margin Call is a very good movie showing internals of the financial institutions.

It was late, I was tired, mistakes were made. :)

Re:Young Goldman Sachs bankers ask for 80-hour week cap by kelnos on Saturday March 20, 2021 @05:22PM (#26526150)
Sure, but I think the parent was referring to much heavier drinking than that. Most people can drink a pint of beer at lunch without much or any negative affect on their afternoon work performance. But I expect here we're talking about two (or more) cocktails, glasses of wine, or even hard liquor at lunch.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by jplr8922 on Saturday March 20, 2021 @06:10PM (#26526416)
Yup, I was talking about extended lunches with many beers. In my opinion, heavy drinking is still bad outside work hours. I've seen supervisors making financial decisions while hangover from their last night party. Was I supposed to believe that their judgment was not biased and faculties ready for any situation? Would you better have an inexperienced sober junior or an experienced senior under effect of alcohol as an employee?
Re:Young Goldman Sachs bankers ask for 80-hour week cap by __blockcipher__ on Saturday March 20, 2021 @06:22PM (#26526489)
Depends on the person. Some people can do better work hungover than others can sober purely because their base level of skill/output is higher so the -20% or -40% hit (or however you wanna mathematically represent it) doesn’t outpace their increased productivity relative to the next guy
Re:Young Goldman Sachs bankers ask for 80-hour week cap by interactivecode on Saturday March 20, 2021 @07:02PM (#26526714)
[Citation Needed]
Re:Young Goldman Sachs bankers ask for 80-hour week cap by __blockcipher__ on Saturday March 20, 2021 @07:04PM (#26526724)
There’s no citation needed, it follows directly from the fact that output varies between individuals. Unless you want to argue that fact...
Re:Young Goldman Sachs bankers ask for 80-hour week cap by beambot on Saturday March 20, 2021 @06:15PM (#26526444)
Ballmer peak for finance?
Re:Young Goldman Sachs bankers ask for 80-hour week cap by kortilla on Saturday March 20, 2021 @07:34PM (#26526891)
1 pint of beer will have 2-3 units of alcohol. That’s equivalent of 2-3 shots of hard alcohol, which is what you would get in “two cocktails”.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by abvthrow906 on Saturday March 20, 2021 @08:36PM (#26527190)
A single standard cocktail (gin martini, manhattan, etc.) will have around 2-2.5 oz hard liquor (40% ABV) and 0.5-1 oz fortified wine (15%-20% ABV). Most other standard cocktails will have a similar amount of alcohol. There are lighter cocktails and I’m not including the watered down cocktails you might get at a cheap resort.

Unless you’re drinking a pint of a 14% Belgian tripel, they won’t be equivalent.

Re:Young Goldman Sachs bankers ask for 80-hour week cap by quantified on Saturday March 20, 2021 @11:14PM (#26527838)
UK has lots of great beers that an imperial pint of leaves you in good shape for returning to work.
Re:Young Goldman Sachs bankers ask for 80-hour week cap by sonthonax on Sunday March 21, 2021 @12:59PM (#26531847)
It's a Friday team lunch thing, quite civilised really.
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Re:Young Goldman Sachs bankers ask for 80-hour week cap by suifbwish on Saturday March 20, 2021 @04:32PM (#26525888)
Stop mansplaining
Re:Young Goldman Sachs bankers ask for 80-hour week cap by antihero on Saturday March 20, 2021 @04:49PM (#26525975)
So long as I can bid on mainsplaining futures.