WSJ Blogs  Real-time commentary and analysis from The Wall
Street Journal Deal Journal  $550 Million in Fees for One
Merrill Lynch Banker!      • Can anyone explain in a few words
what "advising" would entail, and or, the length of time it
takes to advise to warrant such "fees"      • He gets $66M in
bonuses over two years. During those same two years, I see my
bonus at B of A decline by 75%... and then get laid off along
with 25% of my group. If he's so smart to get those fees, maybe
he should step forward and be part of the solution rather than
problem.      • Just as you would suspect, advising is giving
advice. Included is pitching ideas, providing lots of data,
determining price, getting the deal closed. Once the deal starts
moving, it could be done over a matter of months. But to get
there, you may need to build a relationship over a few years.
• All of the mid and upper level mgmt people are earning very
high salery in the large corporations in US.       The work
("advising") they perform is done