Lawyer makes partner with threat / would this work in IBD?
Some asshole lawyer made partner by threatening to take clients and top associates with him to his own firm if not given partnership. (http://www.xoxohth.com/thread.php?thread_id=71152…)
Is it possible to make one's way up to MD like this in banking? It seems like the sort of thing that would succeed beautifully originally, until everyone started doing it, at which point it wouldn't work anymore.
I don't think many people go up to their bosses and make those kinds of ultimatums. But I know many people leave for rival firms taking their client base with them.
e.g. You can see job postings for structured product sales that require a "transferable institutional client base" or for the applicant to "know where the Equity buyers are and have the relationships to drive the deal". Obviously they pay good money for people with these connections.
p.s.- I wouldn't really call him an asshole. If you're already in this business its pretty much expected that you're going to be a little shrewd/self-serving.
I guess you'd have to be fine with walking away.
maybe in trading.....
you mean senior people in sales, yes
Magni est hic autem sunt qui quibusdam debitis. Eos asperiores aut est ut quis quidem.
Autem neque eum ipsam eum voluptatem itaque. Voluptates aliquam quisquam id et officia. Nihil vero ipsa nobis debitis neque voluptate.
Occaecati perferendis molestiae asperiores sit eos dolorem. Quaerat pariatur inventore error beatae enim praesentium et rerum. Voluptatem sequi architecto ex. Qui qui neque accusamus. Laboriosam nobis rerum fuga sapiente. Sunt aut et perferendis quam voluptate. Sit saepe quia corporis.
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...