Inside an investment banking battle royale

投资银行界的巅峰对决

Behind the Money

2025-03-12

22 分钟
PDF

单集简介 ...

Disputes over power and pay aren’t unusual at Wall Street’s top firms. What isn’t ordinary is when the conflict turns into a decade-long legal battle. That was the case for boutique investment firm Perella Weinberg Partners and their former star banker, Michael Kramer. After 10 years, their dispute recently went to trial in Manhattan. The FT’s Wall Street editor Sujeet Indap had a seat inside the courtroom, and tells us what he learned about the inner workings of the firm.  Clips from Bloomberg, Fox Business - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Perella Weinberg trial lifts veil on bitter feud among top bankers  Court brawl reveals fractious world of investment banking  Wall Street’s battle of the bankers  - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Sujeet Indap on X (@sindap) or on Bluesky (@sindap.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
更多

单集文稿 ...

  • Balance your trading strategy by adding futures.

  • CME Group helps you manage risk and capture opportunities in all market environments.

  • Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.

  • Visit your online broker and get started.

  • See what adding futures can do for you at cmegroup.com slash podcast.

  • Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profits you might have made.

  • This is not a recommendation to offer to buy, sell or retain any specific investment or service.

  • Recently,

  • my colleague Sujit Indap has been spending a lot of time inside a courtroom in downtown Manhattan.

  • It has been like quite a spectacle.

  • Sujit is the FT's Wall Street editor.

  • And the case he's been watching pits the two founders of a powerful investment bank against their former star banker.

  • In the courtroom,

  • these otherwise high powered Wall Street finance people who have been effectively at war for literally a decade,

  • they are finally getting the chance to confront each other in court and settle this blow up from 10 years ago.

  • Yep, you heard that right.

  • 10 years of bad blood.

  • This trial, Tsuji told me,

  • has been offering a rare peek inside the inner workings of a firm that's brokered the sales of some of the biggest companies in the world.

  • I mean, investment bankers are very discreet people, though, how they actually Work is mysterious.