{"id":10036,"date":"2009-03-05T00:00:00","date_gmt":"2009-03-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"550-million-in-fees-for-one-merrill-lynch-banker","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/550-million-in-fees-for-one-merrill-lynch-banker.html","title":{"rendered":"$550 Million in Fees for One Merrill Lynch Banker"},"content":{"rendered":"<p>Wall Street Journal &#8211; Some numbers are so big you just have to stand back and admire them. An investment banker claiming $550 million of fees in a single year is just such a number.<\/p>\n<p>The number is staggering for an industry in which a great year means an investment banker brought in $25 million in fees and $40 million of fees makes a Wall Streeter a star. <\/p>\n<p>Then there is Merrill Lynch banker Andrea Orcel laying claim to bringing in more than 13 times that for his firm, or $550 million in fees, according to this Wall Street Journal article by our colleague Susanne Craig. That earned Orcel a 2008 bonus of $33.6 million&ndash;down just a smidge from the $38 million he received in the M&amp;A boom year of 2007. <\/p>\n<p>Investment bankers&rsquo; bonuses are based in large part on the credit the individual bankers claim for the deals they worked on. As today&rsquo;s Page One Journal article notes, Orcel won a big one-time bonus of $12 million in 2007 just for advising the Royal Bank of Scotland Group-led $101 billion acquisition of Dutch bank ABN Amro.<\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/deals\/2009\/03\/04\/550-million-in-fees-for-one-merrill-lynch-banker\/\" target=\"_self\">Read Complete Article <\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street Journal &#8211; Some numbers are so big you just have to stand back and admire them. An investment banker claiming $550 million of fees in a single year is just such a number. The number is staggering for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[577,5426,8612,8610,677,5501,1371,6710,2250,418,8608,6164,600,8611,8607,8609,4464,8606,2750],"class_list":["post-10036","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-6-million","tag-abn-amro","tag-andrea","tag-article-notes","tag-boom","tag-colleague","tag-dutch-bank","tag-investment-bankers","tag-investment-banker","tag-merrill-lynch","tag-orcel","tag-royal-bank-of-scotland-group","tag-royal-bank-of-scotland","tag-smidge","tag-street-journal-article","tag-time-bonus","tag-wall-street","tag-wall-streeter","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10036"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10036\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}