Intern’s Death Forces Bank of America to Evaluate Work-Life Balance Among Staff

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August 23, 2013 ‐ By Kimberly Gedeon

Bank of America internIn the wake of the death of one its young interns, Moritz Erhardt, Bank of America is evaluating the work-life balance of their junior staff members, reports The Huffington Post. Earhardt died after working virtually 72 hours straight.

This is not to say that Bank of America is admitting any fault in Erhardt’s demise, John McIvor, the bank’s spokesperson said. “It’s an acknowledgement that there’s always things that we can learn. We are going to listen to our employees at all levels. This isn’t just about hours.” he added.

As MN reported, Erhardt pulled three all-nighters, “suffered a seizure and was pronounced dead at the scene. He collapsed in the shower of his student housing.”

An intern at a rival bank in London empathized with Erhardt’s workaholic habits: “Just like many of his peers, he may have wanted to impress his bosses and work that extra hour in order to stand out,” Matthew Kilroy told HuffPo. “Such is the pressure on us, that we are fully aware of being privileged to work where we do, keeping in mind the youth labour market in Europe.”

Bank of America released a statement on Friday amidst growing concerns:

Our immediate priority is to do everything we can to continue to support the Erhardt family, our interns and impacted employees at this extremely difficult time. [...] We have also convened a formal senior working group to consider the facts as they become known, to review all aspects of this tragedy, to listen to employees at all levels and to help us learn from them

Erhardt was recognized as a “diligent worker” and “popular” among his peers.  The 21-year-old summer intern’s death remains under investigation.

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