Therese Esperdy, a 17-year JPMorgan Chase & Co. veteran, suffered what she called “initial shock” in her first few weeks in Asia after three people told her some clients don’t want to pay merger-advisory fees.
Robert Walters Plc fell the most in almost six months after the recruitment company said there were no signs that “challenging” market conditions will improve in 2013. Hays Plc and Michael Page International Plc also declined.
Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid the European debt crisis fallout.
AT&T Inc. should be able to keep private information about its dispute with Al Jazeera over a decision to drop the Qatar-based broadcaster’s new U.S. channel, a lawyer for the top seller of broadband Web service said.