Come on, guys: Do something to prove your worth.
They’re embarrassing. They’re ungrateful. They always screw up lunch. You can’t work them like enslaved robots or force them to wear adult diapers in the office anymore—and they’re getting more expensive anyway. They’re not even entertaining you by throwing up all over their cubicles after eating the entire contents of a vending machine.
Oh yeah, and now, handing out internships to important overseas clients to build a little good will is f*cking bribery, according to the SEC. It makes one wonder if internship programs are worth the trouble anymore.
With the settlement, the SEC essentially establishes that “valuable student internships” are covered under the law, according to the agency—though such a view has yet to be tested in court. That finding is likely to send another shudder across Wall Street, where the trading of favors large and small has long been a part of the business….
The real cost to banks isn’t regulatory but having one less avenue by which to promote their business and gain access into other markets, Ms. Belinski said. “Who knew millions of dollars were at stake for an internship? It’s a big wake-up call,” she said.