It has been traditional for quite some time for those leaving investment banks to send an email to their colleagues on the day of their departure. The messages typically follow-up a standard format: announce the departure, wish well to others, praise mentors at the firm, perhaps indicate the next job and provide contact information. They are, in a word, boring. And usually get read—or, well, glanced at—briefly before being deleted.
But every now and then an investment banker decides to aim a little higher. Or, perhaps, lower. Over the past few years we’ve seen the development of a counter-genre to the Boring Leaving Email. Call it the Fed-Up genre. Or, less politely, the Fuck-Off email. Some of these, such as our own Keith Hahn’s email to colleagues at JP Morgan, become internationally circulated. (The counter-genre is so well known that frequently fake FO emails get circulated.)
Yesterday we reported on the latest FO email making the rounds, from a banking analyst at UBS in New York. Over-worked and under-appreciated, Jonathan Napier Maudlin decided he had had enough and wasn’t going to take it anymore. At 7:03 in the morning, after spending the night toiling away in his cubicle, he launched an email to seventeen or so of his colleagues at UBS announcing “I’m leaving the bank now.”
The letter went on to describe his job at the bank as “mindless text editing, copy and pasting, and getting yelled at for stuff other people can't/won't/don't do.” The job simply was “not worth doing,” he wrote. “There is no happiness here.”
Last night, Maudlin told DealBreaker that the relentless workload had pushed him over the edge.
“After my 120th hour this week on the job, I decided to peace out. I hadn't had a day off in three weeks (day off meaning a Saturday or Sunday either), and I got yelled at at 6 in the morning,” he said.
The email concludes with a note of finality. “I took all my personal stuff. No one needs to contact me for anything (except for a drink for those of you with my personal number). I will only be at my New York address a few days longer,” Maudlin wrote.
The email quickly circulated among investment bankers, as they forwarded it to colleagues with their own comments. Many sympathized with the sentiments of Maudlin says.
“Well said,” one person who forwarded the email wrote. “Note day of week and time email was sent.”
Banks discourage employees from sending out these FO emails. Often, they violate the email policies that banks try to make workers adhere too. Unfortunately, given the sentiments of those who are inspired to write such emails, such policies have little effect. In his post-script, Maudlin notes that his email probably violates UBS’s policies.
I'll be waiting for some smart-ass associate to send a ‘best-practice e-mail for how to quit properly,’” he writes. “I will be sure to keep your tips in mind.”
The full email is reprinted after the jump.
"Hairy Day" Illustration via BiffSniff.
Courtesy of Toothpaste For Dinner.
UBS Banker's FO Email
From: Mauldin, Jonathan-IBD+
Sent: Sunday, September 16, 2007 7:03 AM
Subject: Sorry everyone
I'm leaving the bank now.
I'm not made to do this. If I put my mind to something as much as I do here to mindless text editing, copy and pasting, and getting yelled at for stuff other people can't/won't/don't do, I would be much better off. It's 6:43 a.m. on a Sunday, and I have at least 14 more hours of work to do today that will not be fulfilling, useful, appreciated, recognized, or paid for.
Sorry this is last minute, but it's just not worth doing more
My blackberry is on my desk
Apparently that failed staffing request was fatal (no, not as in I'm going to kill myself, hehe, I'm just going to go enjoy life). There is no happiness here.
I took all my personal stuff. No one needs to contact me for anything (except for a drink for those of you with my personal number). I will only be at my New York address a few days longer.
Good luck y'all,
Jonathan Napier Mauldin
UBS Investment Bank
Global Healthcare Group
299 Park Avenue, 36th Floor
New York, NY 10171