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Some companies, like WorldCom, hired Salomon to run their corporate stock-option plans for company employees, generating fees and luring new brokerage customers in general.
To that end, it increased the rewards for generating fees even more than it raised commissions.
Mergers worldwide rose to a record $3.43 trillion in 1999, generating fees for banks that arranged them.
"Whether some lawyers and business advisers are not generating fees is not going to be high up on Europe's agenda on the sanctions.
An initial stock offering in Hong Kong and New York could reap $5 billion to $10 billion, generating fees of $150 million to $300 million for the underwriter.
Such cases typically end up generating fees of $10,000 to $40,000, though some cases can bring in $100,000, the former executives said.
Similar(48)
Generating fee income while placing the long-term credit or interest rate risk on the government's balance sheet is a win-win for the banks.
Hillary Clinton plans to "call out" Wells Fargo, which has faced outrage for generating fee revenue with bogus accounts, in an economic speech Tuesday in Toledo, Ohio, a campaign official said. .
Salomon Smith Barney also generated fees in other ways from the deals Mr. Grubman helped foster.
I was offered a small performance-related bonus as an incentive to generate fees.
The business also generates fees from advising on initial stock offerings and mergers.
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