Bank Of America Intern Died After Pulling Three All-Nighters, Reports Claim

Did overwork cause the 21-year-old's death?

Bank of America Intern Dies After Working 72 Hours Straight
A 21-year-old Bank of America intern praised as "highly diligent" died Thursday, and there was immediate speculation that he died of overwork. And although the official cause of death hasn't been determined yet, there was much online speculation that his death was somehow related to having pulled three all-nighters in a row.

Moritz Erhardt was found dead at his apartment in east London, a bank spokesperson told Bloomberg. Erhardt had just one week left of his seven-week investment-banking internship at Bank of America Merrill Lynch. Until three months ago, he had been an exchange student at the University of Michigan's Ross School of Business. He attended WHU -- Otto Beisheim School of Management in Vallendar, Germany.

In a statement, Bank of America said, "We are deeply shocked and saddened by the news of Moritz Erhardt's death. He was popular amongst his peers and was a highly diligent intern at our company with a promising future." [UPDATE 1:41 pm: A bank spokesman told AOL Jobs that the bank would not make any comment "about his work patterns. We're trying to focus on what we can do for his family and the other interns and anyone else affected by this." According to unconfirmed reports, Erhardt suffered from epilepsy and may have died from a seizure. But investment bankers are infamous for working long, grueling hours, and speculation immediately has focused on the role overwork may have played in his death.

A commenter on wallstreetoasis.com claimed to have heard from colleagues that Erhardt -- "one of the three best interns" in the London investment banking group --had pulled three consecutive all-nighters. A roommate reportedly found him dead in the shower. Another commenter claimed that the bank's HR department sent an email "saying something along the lines of 'don't work your interns too hard for the final weeks." (Bank of America's spokesman, however, said he hadn't heard that such an email was sent.)

Overwork has been an issue across industries, and cultures, however. Earlier this year, when a 24-year-old Ogilvy & Mather employee in Beijiing, collapsed at his desk and subsequently died of cardiac arrest, local news outlets immediately proclaimed Li Yuan died of overwork. Chinese reports claimed 600,000 workers die from "work exhaustion" each year. But Ogilvy & Mather noted that Li Yuan hadn't worked overtime in the month prior to his death, and he'd taken a week's sick leave prior to returning to work.

According to his online bio at Seelio.com, the social networking site, Moritz Erhardt had previously worked at KPMG Consulting, Morgan Stanley and Deutsche Bank AG's (DBK) corporate finance division. The Independent said BofA interns are paid around 2,700 pounds a month -- or $4,228 US dollars.

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John Raksnis

this is per KAITLYN KERR who was recently hired and offered positions not qualified for based on "favors" for mamle supervisors. Pathetic and disgusting on both of their parts

August 25 2013 at 12:09 PM Report abuse rate up rate down Reply
John Raksnis

bank of america hires female college students based on looks and promotes based on "favors" from those females

August 25 2013 at 12:08 PM Report abuse rate up rate down Reply
devin92butler

Since when did working more hours become more important than your own health. Well you cannot say it is not impossible for someone to died from working grueling hours. Nobody wants to believe it because it is unbearable to read an article like this. I feel sorry for the intern. If he really did die from being overworked, Bank of America is just shameful.

August 23 2013 at 11:59 PM Report abuse rate up rate down Reply
Ms.T

Time is HARD, but everyone that is able to work kNOWS when NOT to OVERWORK, i think some else happen too, and i have never heard people dying from overwork, until they ae really OLD, by then you KNOW wha overwork really is.

August 22 2013 at 1:02 PM Report abuse rate up rate down Reply
mitch0102

Type your comment here S.E.A.L. Cadete's
should be dropping like Flies with Hell Week.

August 21 2013 at 8:35 AM Report abuse rate up rate down Reply
1 reply to mitch0102's comment
Vagina

Cadet+cadet=cadets.

August 22 2013 at 12:58 AM Report abuse +2 rate up rate down Reply
1 reply to Vagina's comment
Megan

Thank you, Vagina, for making the world a grammatically better place! I wish I could up-vote this twice--once for giving mitch0102 a grammar lesson and once because you are Vagina. : )

August 23 2013 at 2:13 PM Report abuse rate up rate down
annette

Postal workers work all night long everynight...during Christmas, it is more then often not, double shifts....this is the normal...this kid was probably on something.

August 21 2013 at 8:19 AM Report abuse rate up rate down Reply
bilhee

Sorry the intern has passed, but come on!!!

August 21 2013 at 8:10 AM Report abuse rate up rate down Reply
christian

I'll reserve judgement until the autopsy clears the tox screen and exam

August 21 2013 at 7:51 AM Report abuse rate up rate down Reply
Shelley Xev

how many pharmaceuticals was he on that he probably didnt have scripts for?

August 21 2013 at 7:36 AM Report abuse rate up rate down Reply
IN MY OPINION ONLY

Newly hired young Auto Dealers are becoming like him now.

August 21 2013 at 7:35 AM Report abuse rate up rate down Reply

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