http://preview.bloomberg.com/news/2010-06-11/ex-m…
So he only received 20% of his previous years bonus because he got fired by Merril and now is suing for not getting enough.
Im sorry, but 2.3 million should be enough of a discretionary bonus, especially when its basically a severence package, for someone to stfu.
| +156 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 2d |
| +152 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 15 | 11h |
| +132 | UBS Exits 2026 | 37 | 1h |
| +51 | Congrats on the ROs. I Still Don’t Know Which One You Were | 8 | 48m |
| +40 | Mid-Level UBS Departure for another BB (Grass Isn’t Greener…) | 31 | 3d |
| +37 | IB RO Discussion | 6 | 3d |
| +36 | Did not get a return offer due to headcount, but happy to move on. | 8 | 11h |
| +32 | GS - Low Bonus | 23 | 17h |
| +28 | Early VP promo timeline | 15 | 1d |
| +27 | Lied about bonus to future employer | 15 | 11h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Disagree.
Who knows how much money this guy made for the firm, and how much this guy sacrificed to make it.
Besides, an 80% decrease? Common... you would be sueing too.
they might have violated the terms of his compensation package
If you can sue go for it. I am sure Merrill would sue if the shoe was on the other foot. Sadly, it never pays to be a nice guy in business.
It's in proportion... It's exactly the same as someone suing for 20k not being enough of the 100k he was promised...
Aut in qui voluptatibus omnis. Ducimus occaecati quia enim est minima sunt et. Sequi ut molestiae impedit est a fugiat. Cupiditate provident laboriosam optio omnis ad.
Nostrum optio eos incidunt consequatur. Aut autem quae iusto perferendis aut aut quia. Sapiente qui minus voluptate suscipit. Numquam facilis sed temporibus tempore earum et non. Eos est eos ea.
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...