Exclusive | Young Jefferies banker logged 100-hour weeks as fellow staffers flagged concerns to top brass
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A 28-year-old Jefferies banker who fell victim to a suspected drug overdose was working as much as 100 hours a week before his death — even as fellow staffers griped to bosses about punishing workloads, The Post has learned.Carter McIntosh, who joined the Wall Street investment bank in 2023 after doing stints at Goldman Sachs and Moelis in New York City, was found dead in his Dallas apartment on Jan.27.
A police report cited a “possible overdose” and said officers who found the junior banker dead on his couch discovered “a white powdery substance” along with a “rolled up 100 dollar bill” in the kitchen, The Post reported exclusively on Friday.McIntosh had been prescribed medication for attention deficit disorder, or ADD, according to the police report — raising fears that he could have overdosed on Adderall, a stimulant used by Wall Streeters to weather their punishing work days.“He was a grinder,” a source said of McIntosh.“He was a really hard worker and he was on a very difficult team in Dallas.
They gave him a lot of sh-t.”A Jefferies insider told the Post that Adderall’s use was widespread at the firm, as at many banks across Wall Street where staffers struggle to keep up with the industry’s brutal schedule.“Tons of people at the bank take it,” the source said.McIntosh’s death has renewed debate about Wall Street’s brutal work culture, which was reignited last year by the death of 35-year-old Bank of America banker Leo Lukenas.The former Green Beret died from a blood clot in his heart days after allegedly working 100-hour weeks to close a major deal.While there is no evidence his death was linked to his work, JPMorgan moved to cap work weeks at 80 hours after the scandal.Jefferies has no such cap and its hard-driving culture carried over from the company’s Madison Avenue headquarters in Manhattan to the satellite office in Dallas, according to multiple sources at the investment bank who requested anonymity before speaki...