Liquidated by Karen Ho

An Ethnography of Wall Street

An ethnographic examination of Wall Street investment banking culture, showing how ideals of shareholder value, “smartness,” and perpetual restructuring produce precarious labor, short-term decision-making, and widespread corporate downsizing. Drawing on fieldwork inside banks and recruiting pipelines, it reveals how elite hiring, extreme work norms, and the valorization of liquidity shape market logics that normalize layoffs, fuel cycles of boom and bust, and impose financialized priorities on corporate governance and everyday work life.

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