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"Six figure salary" when term became big in 80s equals 300k today
| Have YOU been injured in an accident? | 11/11/25 |
| .,....;...,.:...;...,.... | 11/11/25 |
| .,.,.;.,..,..,.,:.,:,..,..,::,..,:,.,.:,..:.,:.:, | 11/11/25 |
| potluck | 11/11/25 |
| .,....;...,.:...;...,.... | 11/11/25 |
Poast new message in this thread
Date: November 11th, 2025 8:52 PM Author: Have YOU been injured in an accident? (http://www.autoadmit.com/thread.php?thread_id=5796486&forum_id=2,#49421872) |
Date: November 11th, 2025 8:58 PM Author: .,....;...,.:...;...,.... Makes sense. In the early 1980s, it was a huge deal that a Fried Frank lawyer made $50k a year.
https://www.nytimes.com/1982/04/23/business/lawyer-at-fried-frank-resigns-in-insider-case.html
LAWYER AT FRIED, FRANK RESIGNS IN INSIDER CASE
Share full article By Robert J. Cole April 23, 1982
Fried, Frank, Harris, Shriver & Jacobson, a leading Manhattan law firm active in corporate takeovers, disclosed yesterday that a member of the firm had resigned after the Securities and Exchange Commission implicated him in an investigation into stock trading on inside information.
It was the second significant insider trading case in seven months to involve a major Wall Street law firm. Leonard Chazen, a partner in Fried, Frank, said that the investigation into the activities of the 35-year-old associate, Kenneth Rubinstein, was still under way. The lawyer, a $50,000-a-year employee, is understood to have worked on takeovers at Fried, Frank and, as such, to have been in possession of inside information on a number of companies.
Mr. Chazen declined to say what the Government agency had told the firm about Mr. Rubinstein's purchases, what stocks were involved or to name any of the takeover situations in which he had been involved.
The disclosure comes at a time of major concentration by the Securities and Exchange Commission on uncovering such practices. Last September, Wachtell Lipton Rosen & Katz said that the firm had demanded the resignation of Carlo M. Florentino, a 37-year-old graduate of New York University Law School, after he had admitted trading in the stocks of several of the firm's clients. Mr. Florentino faces charges that he illegally used inside information to buy takeover stocks, including Texasgulf, and that he thereby made a profit of $450,000. His brokerage account was subsequently seized.
Mr. Chazen of Fried, Frank said that the commission told the firm 10 days ago that Mr. Rubinstein's name had ''come up'' in an insider trading investigation and that it was cooperating with the Government agency.
He said the firm had asked Mr. Rubinstein for his stock trading records and that Mr. Rubinstein had initially agreed. Mr. Chazen went on to say that two days ago Mr. Rubinstein refused to turn over the records, saying that he was resigning and that he had retained a lawyer.
Mr. Rubinstein could not be reached for comment, and his lawyer, Theodore Altman, a former S.E.C. lawyer, declined all comment. Mr. Rubinstein joined Fried, Frank after his graduation from New York University Law School in 1979.
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Date: November 11th, 2025 9:03 PM Author: .,.,.;.,..,..,.,:.,:,..,..,::,..,:,.,.:,..:.,:.:, that's just $170k today. lmao @ a 35 year associate making that (http://www.autoadmit.com/thread.php?thread_id=5796486&forum_id=2,#49421901) |
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Date: November 11th, 2025 9:17 PM Author: potluck billing like 1100 hours most of which was walking around making copies, reading hardbound books in the library, handwriting memos to file, etc. (http://www.autoadmit.com/thread.php?thread_id=5796486&forum_id=2,#49421941) |
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Date: November 11th, 2025 9:25 PM Author: .,....;...,.:...;...,.... At 50k in 1982, he could probably afford an apartment almost anywhere in MFH. Now at 170k, not even close. (http://www.autoadmit.com/thread.php?thread_id=5796486&forum_id=2,#49421970) |