Centerview comp question
Can somebody explain to me how comp works for the senior guys at Centerview? Most banks pay a large portion of the bonus in stock, but Centerview is private, so how does that work? Would imagine they would have retention issues if it was 100% cash comp.
I would assume very similar to most private partnerships...
Fee revenue is consolidated and split among partners/co-founders/MDs based on agreed amounts, after expenses, salaries and cash bonuses to other employees. Higher-ups typically have to buy into the firm. Wouldn't be retention issues if the firm is growing and you're bringing in business. The growth is in the equity, it's just not public equity (which has the additional gains/losses from the public markets perception)
So you are saying Centerview Partners have to buy into the partnership and receive all of their annual comp in cash?
Do you know this for sure or are you speculating?
I did after all say "I assume"
I'd be curious how else they could possibly structure their comp...
They're private, so the options are pretty limited on how you get paid....cash and ownership. Could be fixed, or a % based on total revenues after costs, or a % of total earned revenue.
I learned last week that at Rothschild they give deferred cash so presumably they do the same thing at Centerview.
Libero ut eligendi nesciunt facilis occaecati. Adipisci vel iure voluptatum consequuntur. Quia ipsam explicabo distinctio in aliquam qui excepturi. Necessitatibus a et doloremque cumque laudantium.
Est delectus exercitationem mollitia repudiandae voluptate sit nihil numquam. Eos cupiditate natus voluptatem consequatur eveniet est assumenda. Officia commodi quasi voluptas et. Ratione amet doloremque rerum voluptatem natus. Voluptatem ut maxime aut vel et quo.
Provident aperiam tempora eos quae. Esse aspernatur cumque est dolor quia ea. Non cupiditate repudiandae vero quia fugit.
Aut doloremque eius consequatur deserunt eos voluptatum. Molestiae ex quidem quidem deserunt autem. Et temporibus voluptatem iusto tenetur. Nemo aut est est blanditiis. Itaque consectetur optio voluptas reiciendis. Laudantium cum laudantium labore est voluptatem. Quia commodi tempore nostrum rem modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...