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The John Batchelor Show

#ScalaReport: The 80 hour work week and the Millennial and Gen Z complaints. #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache.

The John Batchelor Show

John Batchelor

Books, Society & Culture, News, Arts

4.52.8K Ratings

🗓️ 11 October 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

#ScalaReport: The 80 hour work week and the Millennial and Gen Z complaints. #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache. 

1923 Detroit

Transcript

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0:00.0

This is a scholar report with CEO Chris Regal of scholar-, a global technology company transforming the retail space and all

0:16.8

the major occupied continents including North America.

0:21.1

And Chris, we turn to Workload. You and I are lucky men in our, well I'm

0:28.7

senior, you're going to be. We work all the time. It's a joy. Seven days a week we must till the field like

0:37.5

farmers. But I read in the Wall Street in the Financial Times the pink Pink Paper from London, about Wall Street.

0:45.0

The AD-hour circuit breaker, Wall Street banks tackle workloads of junior staff,

0:51.0

moves to cap weekly hours for entry-level bankers but up against reality of

0:56.2

competitive industry. These are investment bankers. That is the road to

1:01.8

billions.

1:03.0

Everyone graduating from MBA school is told it's not for everybody,

1:08.0

but they've got big eyes, the idea when they're recruited by the investment banks.

1:14.0

You work long hours.

1:16.0

Chris, this story is quite fantastic to me.

1:19.0

I don't remember ever reading it before.

1:21.0

The idea of keeping an hour clock on junior bankers who are pretty

1:27.7

much in boot camp for becoming billionaires.

1:31.5

Is this make sense to you? Is this something particular coming out of the

1:35.2

pandemic about Gen Z, about the millennials? Or is this the hesitation of banks banks some kind of competition that is being played out as if they are generous people and they're concerned about the health of their employees?

1:51.6

What's the game here?

1:52.8

Good evening to you, Chris.

1:54.8

Good evening, John.

1:55.8

I would suspect there's quite a bit of PR in that statement of limiting to 80 hours,

...

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