Marty Lipton: I’m a Shallow Work-a-holic
The New York Observer this week devotes significant column inches to profiling the power lawyer Marty Lipton. What do we learn about the M&A and executive compensation advisor-for-hire? Well, he likes to work a lot (a lot!) and is does not get bogged down by existentialist introspection. Oh yeah, and his firm’s partners make 50% more on average than the next highest earning law firm on Wall Street. In 2004, according to The American Lawyer, Wachtell partners took home an average of $3.5 million; the second-place firm, Cahill, Gordon and Reindel, averaged $2.4 million. You go girl!
Marty Lipton [NY Observer]
Bonus Timing Round-Up: The Master Chart
Our friends across the pond at Here Is The City dropped us a note with some more bonus timing info. We’ve combined that with our existing intelligence to create the following chart. Please let us know if you have additions or corrections.
Veeps and Associates Have Strong Year at Bear
Speaking of the Bear paying out, an anonymous tipster left a comment yesterday about how comp ranges for mid-level professionals at the firm have shaken out this week. The word is that first year associates took home $250,000 to $300,000 while first year vice presidents banked between $400,000 and $500,000. How about other levels? Other firms?
Morgan Stanley’s Cruz Cruises to $13.6 Million Bonus
After, pulling down a $7,740,000 bonus last year, Morgan Stanley’s acting president Zoe Cruz, who’s been at the firm since 1982, was rewarded yesterday with 236,738 shares worth $13.6 million. Sounds good to us, but knowing the competitive juices that flow in these places, it’s possible Ms. Cruz won’t be entirely pleased about the fact that Neal A. Shear, co-head of institutional sales and trading, received a bonus worth $16.2 million. Overall, the firm’s top 17 execs walked away with $111.7 million of stock.
Morgan Stanley Bonuses [NY Times]
Zoe Cruz Comp Profile [Forbes]
More Down Low on Bonus Timing
We got a few tips from a little birdie last night who’s got an inside track on what’s happening in bonus land. Here are some take-aways:
There you have it folks. If want to share, we’re all ears at .
