SMD at Evercore Adam Taetle resigns after affair with junior banker

Rumors confirmed. This guy is head of consumer at Lazard now.

A top Wall Street dealmaker left an elite New York investment bank after his bosses found out he allegedly had an affair with a younger co-worker on his team, The Post has learned.

Adam Taetle stepped down as senior managing director at Evercore — the firm founded by deep-pocketed Democratic Party operative Roger Altman — following an HR probe into the relationship, four sources close to the situation told The Post.

The reportedly randy rainmaker — a married father of three — exited the firm amid claims of “having a sexual relationship with a female junior employee on his team,” one source said.

Source: https://nypost.com/2024/09/05/business/top-wall-s…

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I don't understand why they felt it was relevant to include the founder's political affiliation but I guess it's an election year. Feel bad for this MD's family.

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

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