Centerview settles lawsuit over analyst’s need for 8 hours’ sleep
Financial Times
February 22, 2026
AI-Generated Deep Dive Summary
Centerview, a leading investment banking firm, has settled a high-profile lawsuit brought by former analyst Kathryn Shiber, who argued that the company failed to provide sufficient time off for sleep. The case highlighted the intense working conditions faced by junior bankers and sparked broader debates about reasonable work hours in the finance industry. Shiber claimed that Centerview’s demanding schedule left her unable to get eight hours of sleep each night, which she argued was necessary for her mental and physical well-being.
The lawsuit alleged that Centerview violated labor laws by not allowing sufficient rest periods between shifts. Shiber, who worked at the firm from 2018 to 2020, described a culture where junior bankers were expected to work excessive hours, often staying late into the night and arriving early in the morning. The case gained attention for its focus on sleep as a fundamental human need and its implications for workplace health.
In settling the lawsuit, Centerview agreed to implement new policies aimed at ensuring that employees have adequate rest periods. While the exact terms of the settlement were not disclosed, sources familiar with the case indicated that the firm will review its working hours practices and provide additional support for employees balancing demanding schedules. The legal team representing Shiber emphasized that the settlement sends a clear message about the importance of prioritizing employee well-being in high-pressure industries.
This case highlights the growing recognition of mental health and work-life balance as critical issues in the business world. For readers interested in business, it underscores the potential financial and reputational risks associated with overworking employees, as well as the legal consequences of failing to address these concerns. The settlement also raises important questions about how companies can create healthier work environments while maintaining competitiveness in the global economy.
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Originally published on Financial Times on 2/22/2026