"Bankers Face Hefty Breakup Fees After Leaving New Jobs"

1 min read
Source: Bloomberg
"Bankers Face Hefty Breakup Fees After Leaving New Jobs"
Photo: Bloomberg
TL;DR Summary

Bankers in the finance industry are being hit with "breakup fees" when they accept job offers and then decide to stay with their current employers. This practice, commonly seen in corporate takeovers, has now made its way to Wall Street, with a recent example being a nearly $10 million offer from Jefferies Financial Group Inc. to hire a rainmaker from Credit Suisse Group AG.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

0 min

vs 1 min read

Condensed

-21%

5364 words

Want the full story? Read the original article

Read on Bloomberg