Skip to comments.What’s behind epidemic of financial industry suicides?
Posted on 03/24/2014 6:31:13 AM PDT by SeekAndFind
A rash of eight financial-industry suicides so far in 2014 has mental-health professionals trying to understand whats behind it.
In late winter many people suffer from depression, but for bankers this is usually offset by finding out how large their bonuses will be.
However, compensation across the entire financial sector is down from years past as large firms deal with new rules pinching their bottom lines.
The other, more pressing matter for mental health pros is: Why are such a large proportion of these self- murders public affairs?
While there are no definitive theories on suicide location, many in the suicide- prevention field believe it deserves more research.
Six of the eight mysterious deaths have been from a building or in front of a train. Half of them were at work or en route.
Our world has become so social and the barriers of privacy have been [so] broken down. Perhaps that could be a reason for the public displays, especially for those in their 20s, says says Carolyn Wolf, executive partner and director of the mental-health law practice at Abrams Fensterman in Midtown.
Alternatively, Dr. John Draper, project director of the National Suicide Prevention Lifeline, suggests it has more to do with access to means than anything else.
If you live or work in a high-rise or have access at work to harmful items like a gun then that could be most lethal means available, without any further meaning to location.
But talk to any financial pro, and he or she will tell you the culture around the trading desks has changed.
(Excerpt) Read more at nypost.com ...
A Study in Pink.
Does anyone seriously believe these are all suicides?
This NY Post reporter seems extremely exercised by what he perceives as a pattern - but has he done any research on historical statistics?
Good point, there seems to be no comparison to other Industry suicides, let alone any comparisons.
Clearly, you do.
NO and it’s up to 13 now I think...last one was 28 on vacation with his family and jumped off the roof of the hotel.
industry that employs millions is not particularly surprising.
My research so far shows about 100,000 investment bankers world wide. Small pool
I heard on a conspiracy radio station that it was up to 30 and it wasn’t as wild as Alex Jones.
I believe one of these eight suicides may have been an investment banker.
Not everyone in the financial industry is in investment banking - far far more are in fund management and trading strategies.
If you include people who work in IT for banks - as this list of suicides does - then it's a much bigger pool.
If you include retired bank employees - which this list of suicides does - then the pool gets bigger.
If you include people in the insurance industry - as this list of suicides does - then the pool expands even further.
If you include people involved in the transactional side of ecommerce - which this list also does - then pool expands by yet another magnitude.
If money is their be all and their end all, their only goal in life, and they lose it, they see no point in living.
There’s someone around here saying it’s all Obama’s doing.
RE: Fed pumping.
Will anybody sue Janet Yellen? :)
So one went to his garage (supposedly) and shot himself to death with a nailgun, both head and torso.