Banker's death draws attention to stress and pressure on Wall Street

Carnation

In retrospect, it was around Easter that John Hughes began to think something unusual was going on with his middle son, Thomas, a 29-year-old investment banker.

The New York Times reports that John’s former wife, Marypat, had arranged for brunch at the Yale Club, in Manhattan, with her three sons: Thomas, who worked at the Wall Street advisory firm Moelis & Company; John III, a young lawyer at Sullivan & Cromwell; and Joseph, an undergraduate at Fordham.

The Yale Club, near Grand Central Terminal, was an easy enough trip on the train from her home in Westchester County, and an even easier one for her sons. But Thomas couldn’t make it. 'There’s some big deal cooking at Moelis or whatever', John recalls his son telling him. 'He had to work through that whole stretch'.

Generally understanding of the long hours Wall Street banks expect of their youngest employees — after all, the pay was as high as the hours were long — Thomas’s parents could not fathom why he was not permitted a two-hour break on Easter Sunday. Ms. Hughes was miffed. 'She just didn’t understand how this possibly could be on this particular day', John says.

Less than two months later, on the morning of May 28, a Thursday, Mr. Hughes stepped onto the stone windowsill of his 24th-floor rental apartment on the southern tip of Manhattan and jumped to his death. 

To access the complete New York Times article hit the link below:

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