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A top banker received a $20 million bonus after four firms made him job offers as Wall Street goes to extremes to recruit and retain talent

A top banker received a $20 million bonus after four firms made him job offers as Wall Street goes to extremes to recruit and retain talent

Big money is back on Wall Street, and top banks are opening their wallets in a fierce competition to hire new workers and keep the ones they have. Wall Street employment lawyer Steven Eckhaus, who works at McDermott Will & Emery and represents top bankers, told the New York Times that he negotiated several eight-figure … Read more

Banker sentenced to year in prison in Manafort loan scheme

Banker sentenced to year in prison in Manafort loan scheme

“I sit here deeply, deeply humbled,” he said, fighting back tears. He added: “I never sought to gain fame or power.” Defense Attorney Paul Schoeman had argued for a non-prison sentence for Calk, calling him “a good and decent man who led a law-abiding life. … It’s an aberration that he’s in this courtroom.” The … Read more