Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Over the last few years, the press has reported on periodic efforts by analysts and associates at investment banks to have their work hours reduced. They have decried the eighty-to-one-hundred-hour work weeks that are required. The Rabid Capitalist is compelled to ask, “What were you expecting?”
The answer to this rhetorical question is that nothing will change. It is inevitable that policies limiting hours will be ignored as needed to win the work and capture the fees.
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