Recruiters Working Overtime to Poach Top Professionals

The turmoil on Wall Street has stirred up a feeding frenzy among executive recruiters, as they are flooded with requests from other companies hoping to poach employees from failing firms. The uncertainty at two of Wall Street’s most prestigious firms, Lehman Brothers and Merrill Lynch, has opened the door to luring away star employees.

Buy-side firms such as hedge funds and asset management companies are trying to pick off the best talent, particularly those that have responsibility for managing direct client relationships, according to a report by workforce.com. Recruiters say some prospects could be offered as much as 200 percent of their annual income as an incentive to jump ship.

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