WALL STREET
On Wall Street, going to war for top talent is just part of the business. So it's not exactly an eye-popper that Goldman Sachs tried to poach telecom-industry analyst Jack Grubman from Salomon Smith Barney late last year. More surprising is Salomon's reaction: The company gave Grubman a five-year, $25 million deal to stay with the team.
That's unheard-of for research analysts, who typically earn from $500,000 to a couple million annually. But Grubman's allure is powerful. With high tech as hot as it is complicated, if you get it, you can earn it.
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