![]() "In the end this is a leadership issue from top to bottom of organizations – driven either by leaders inability to plan the delivery of what they have to deliver effectively, by their inability to refuse to take on targets from their boss they patently can’t achieve, their inability to 'let go' and deputize, or by their inability to get their people to perform well enough to deliver whats required due to their own poor leadership," said Chris Roebuck, a visiting professor of leadership at Cass Business School. Interns worked into the ground at investment banks – this has to changeĪckermann, a former chief executive of Deutsche Bank who endured a highly publicized criminal trial and a boardroom brawl over his successor, is painfully aware of the demands in a hyper-competitive industry where employees are often pushed far beyond their limits. Senior bankers: There’s nothing wrong with all-nighters for interns Unfortunately, the prevailing belief and an economy that continues to hemorrhage workers allows for bad behavior.” That is the equivalent of a toxic and unsafe work environment. "An unreasonable manager tends not to care but he should be held accountable when expectations are extreme or unreasonable. ![]() ![]() “And some employees do reach a breaking point," adds Cohen. That doesn't mean that senior execs should take on the role of shrink but many do expect undivided loyalty and absolute commitment,” says Roy Cohen, career coach and author of The Wall Street Professional's Survival Guide. “Some managers push their reports hard and don't acknowledge or simply ignore the side effects. Is Ackermann’s public acknowledgement of suspicion that Wauthier’s family blames him for the death mean he should be held accountable to some degree? Josef Ackermann said he was “deeply shocked” by the apparent suicide of Zurich Insurance Group CFO Pierre Wauthier, but the veteran top banker still abruptly resigned from his part-time supervisory role at the global insurer.
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