In 2013, a Bank of America intern in London was found dead in a shower after working 72 hours straight. The 21-year-old, Moritz Erhardt, was one week from the end of his probationary period. Noting that Erhardt had suffered from epilepsy, a coroner’s inquest stopped short of blaming his employer. Anyone familiar with the way investment banking attracts ambitious young people and hazes them through hierarchical and status-conscious workplaces may have come to his own conclusions. But values differ. Rather than the company exploiting his son, Erhardt’s father told a reporter, Moritz had been “exploiting himself.”
Stakhanovite models of high performance in the workplace, named after Soviet miner Alexei Stakhanov, have become the standard of the work ethic he embodied then – which spread all over the USSR – and has been invoked by managers in the west ever since.
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