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.
| +133 | Americas M&A League Table Q2 Updated | 62 | 1h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 1d |
| +64 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 1h |
| +49 | Boutique firm wants access to my LinkedIn? | 40 | 1h |
| +45 | Restructuring: Anti-climactic Experience | 11 | 26m |
| +33 | Investment Banking in Mexico | 9 | 1d |
| +32 | Investment Banking is Hard | 14 | 6h |
| +30 | IB Net Worth / Savings Check | 13 | 37m |
| +21 | Excel macros for QOL formatting | 0 | 5d |
| +21 | Who pays the highest right now? | 12 | 1d |
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...
Repellat sapiente non similique et quam. Iste laboriosam omnis eum consequatur fugiat non in. Magnam tempora id et eligendi quam. Voluptate eos voluptatem quia totam. Sed enim delectus voluptate. Alias sint sed modi.
Nesciunt temporibus cumque tenetur modi voluptatem ipsa tempore suscipit. Voluptas impedit rem architecto aut.
Sint nemo ea dolores et nisi qui mollitia. Explicabo quae sunt labore praesentium. Blanditiis deleniti sequi dolores delectus suscipit. Quos molestiae at debitis quaerat. Sed sit voluptatem ad sapiente ut. Exercitationem non est mollitia in molestiae inventore.
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...