SAN FRANCISCO — The death of Sarvshreshth Gupta, an Indian American investment banker with the Goldman Sachs Group here in April, has been determined to be a "suicide by jumping," according to a police report, Bloomberg reported June 9.
Surveillance video showed an individual falling from an apartment building into a parking lot about 4:20 a.m. April 16, according to an incident report released June 9 by police.
A month before Gupta, 22, died, he tried to quit his job as an analyst on one of Goldman Sachs' most prestigious investment-banking teams, according to Bloomberg.
Soon after quitting, however, he changed his mind. Goldman let Gupta come back, gave him several days off to recharge and offered him access to counseling services, two people with knowledge of the matter who asked not to be identified told Bloomberg last week.
According to an earlier report in India-West (http://bit.ly/1M2U9Qt), the young technology and media analyst had complained to his father of working “100-hour weeks,” hours before his body was found in the car park next to his apartment, the U.K.-based Independent had reported.
A graduate of the Wharton School at the University of Pennsylvania, the New Delhi-born analyst reportedly told his father, Sunil Gupta, “This job is not for me. Too much work and too little time."
The father had written about his son’s death in May in an article, “A Son Never Dies,” posted on Medium, but the article has subsequently been removed, the Independent reported.
“He calls us and says, ‘It is too much. I have not slept for two days, have a client meeting tomorrow morning, have to complete a presentation, my VP is annoyed and I am working alone in my office’,” the father wrote, adding, “I got furious. ‘Take 15 days leave and come home,’ I said.”
“They will not allow,” the son responded. The father countered, “Tell them to consider this as your resignation letter.”
The New York Times said Gupta’s death is one of numerous unexpected deaths or suicides of young bankers over the last year. The Times reported it has sparked a round of reflection by Goldman Sachs and other Wall Street firms about their work policies.
Goldman Sachs has not yet responded publicly to claims that Gupta was required to work long hours.
In a statement, the company said, “We are saddened by Sav’s death and feel deeply for his family. We hope that people will respect the family’s expressed desire for privacy during this difficult time.”