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Investment bankers who collected fees for advising AT&T to set up the tracking stock then got more fees for advising it to dispense with the structure.
Some of the issues, like Dai-Ichi, are going to be giant, generating fat fees for advising banks.
The company collected about $3.4 million in fees for advising the pension fund in the state's last fiscal year.
Along the way, Goldman received about $50 million in fees for advising the company and underwriting securities, including its initial public offering of stock.
Added to the commissions are other fees for advising and acquiring property that can result in loads of 10 to 17percentt.
At Donaldson , Lufkin & Jenrette investment banking fees, for advising companies on mergers and acquisitions and underwriting their stocks and junk bonds, soared 81percentt last quarter.
Similar(47)
That did not stop JP Morgan taking its generous fee for advising on the deal.
William Rucker, chief executive of Lazard, said the bank received a £1.5m fee for advising the Government on the privatisation.
The money has been described as a fee for advising Olympus on the 2008 takeover of a British company, the Gyrus Group.
Mr. Milken did not admit to any wrongdoing in those deals and, in another, he kept a $50 million fee for advising Ted Turner on the sale of Turner Broadcasting System to Time Warner.
Instead, the judge highlights how Goldman was fighting for every dollar, securing a $20 million fee for advising El Paso on the sale while depriving Morgan of an assignment on a possible spinoff.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com