After firing its head of restructuring and four other bankers, PWP is back in the news. Apparently, a PWP banker was tipping his father about the pending healthcare M&A transactions, "that allegedly reaped more than $1 million in illicit profit -- and helped pay for his wedding."
I understand that although the firm itself is not involved, the conflict-free advisory is the biggest selling proposition of EBs. To what extent will such incidents affect the reputation of PWP? Any thoughts?
Bloomberg: http://www.bloomberg.com/news/articles/2015-05-14…
Will it really have a huge effect? If a banker want's to insider trade, there's really nothing PWP can do to stop him/her.
PWP can't get a break. I'm sure long term they will be fine but it has definitely been a rough year.
Totam velit ratione aut praesentium dolores eveniet debitis amet. Magni iure provident voluptatum voluptatem et nihil rerum exercitationem. Quae non asperiores officia ipsa. Voluptas dolor nesciunt repudiandae at voluptates consequatur laboriosam ut. Aut aut quidem deleniti.
Quibusdam ut debitis ipsum. Voluptatem id rerum nostrum sequi. Sed eos provident praesentium vel. Vero qui cum quo nulla consequatur qui.
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...