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New York Post: Scott Rostan “Goldman Sachs plans 20% pay hike for junior bankers” By Kevin Dugan First they get a day off. Next they get a raise. Goldman Sachs’ junior bankers — who are known to log grueling 100-hour work weeks — are looking at a pay hike of more than 20 percent next year, two people familiar with the bank’s plans told The Post. That would boost the base salary for some first-year analysts to about $85,000 — before they even collect their bonuses, one source said. Second- and third-year analysts would likely be making significantly more, depending on where they work within the bank and how much that division makes, the source said. There are no plans to change how much they could make in bonuses, according to the person. Leslie Shribman, a Goldman spokeswoman, declined to comment. The prospective raise, which hasn’t been announced by the bank, comes after […]


The Street: Scott Rostan “Where Top MBA Graduates Want to Work and Salary Expectations”

A new survey of MBA students and graduates found that their top employment choice is not bulge bracket banks but consulting firms. Training The Street (TTS) conducted its fifth annual survey of MBA students. The firm says consulting firms recruit more aggressively than the large banks. The survey also found MBA students are very optimistic about their job prospects. In terms of salary, most were receiving job offers with starting salaries between $100,000 and $125,000. 26% of the respondents reported offers of more than $125,000. TheStreet’s Susannah Lee speaks with Scott Rostan, President of Training The Street, to find out more.


Bloomberg: Scott Rostan “OpenTable’s High Premium Boosts Yelp to GrubHub” By Tara Lachapelle and Brooke Sutherland What do OpenTable Inc. (OPEN), Uber Technologies Inc. and WhatsApp Inc. have in common besides sky-high valuations? Look it up on your phone. The 53 percent premium Priceline Group Inc. is wooing OpenTable shareholders with tops any other large takeover of an Internet stock in North America since 2007, according to data compiled by Bloomberg. For $2.6 billion, Priceline is getting a business that more than 15 million diners per month use to book tables from the palms of their hands. It’s the latest mobile-application company to command a high valuation for relatively low sales. As smartphones become increasingly more useful, buyers are paying up for the companies that develop the most popular apps. In February, Facebook Inc. paid such a lofty price for WhatsApp that it valued the chat service like a drugmaker developing […]


Bloomberg: Scott Rostan “Real M&A: JBS’s Remaining Targets Lack Hillshire Appeal”  By Brooke Sutherland JBS SA (JBSS3) is running out of consolation prizes. The Brazilian meat producer’s latest attempt at a major deal was quashed this week when Tyson Foods Inc. won the bidding war for Hillshire Brands Co. (HSH) with a record premium for the food industry. Last year, JBS was preparing a bid for Smithfield Foods Inc. before the hog producer agreed to sell itself to WH Group Ltd., people familiar with the matter said at the time. After passing on those deals, the $10 billion company’s acquisition options are narrowing, Deutsche Bank AG said. One of the most appealing options for JBS — yet unlikely to ever go on the block — is Kraft Foods Group Inc. (KRFT)’s Oscar Mayer. Hormel Foods Corp. (HRL) would also be logical, although with a market value of $13 billion, it’s […]


CNBC Taking Stock: Scott Rostan “Market Divergence Unusual”


BNN: Scott Rostan “IPO/M&A Frenzy”

Crain’s: Scott Rostan “M.B.A.s flock to tech scene”

Traditional Wall Street jobs aren’t the sure thing they used to be for some graduates. By Eilene Zimmerman Kelly Goldston didn’t make a beeline for an investment bank or consulting firm like many M.B.A.s when she graduated last May from New York University’s Stern School of Business. Instead, she took a job as senior manager of acquisition marketing for the e-commerce site, owned by Quidsi, an Amazon company that made her an offer before she graduated. “The startup scene in New York City is really heating up, and at a party, it’s a lot more sexy to talk about your job at a startup than at a hedge fund,” said Ms. Goldston. Like Ms. Goldston, many recently minted M.B.A.s have continued the post-recession trend of looking for work outside of high-profile Wall Street employers such as Goldman Sachs […]

bloomberg TV

Bloomberg: Scott Rostan on “The Tug-of-War Over Top Financial Talent”


Bloomberg: Chirag Saraiya on “Herbalife Ripens for Suitors Dismissing Ackman: Real M&A” By Brooke Sutherland and Duane D. Stanford For suitors willing to bet Bill Ackman is wrong, Herbalife Ltd. (HLF) is a prime candidate for a buyout. Ackman’s assertions that Herbalife is a pyramid scheme pit him against company backers including Carl Icahn and Bill Stiritz, chairman of Post Holdings Inc. Stiritz, the fourth-largest holder, said last year he’d support a buyout. Herbalife reported record annual profit this month after auditor PricewaterhouseCoopers LLP gave it a clean bill of health. The $6.8 billion company offers private-equity firms substantial cash flow to pay down debt, said Emerald Asset Management Inc. It has a lower earnings multiple than 98 percent of its peers, according to data compiled by Bloomberg. Ackman’s criticism is weighing down the stock and Herbalife would fetch a higher valuation in a takeout, said Kerrisdale Capital Management LLC, which sees a sale price more than 35 percent higher than last […]


Training The Street Offically Launches Law Firm Practice Group – Financial Learning Service Provider Uses Wall Street’s Tools for Legal Clients – NEW YORK, February 11, 2014 – Training The Street (TTS), a leading corporate training provider for the top Wall Street firms and business schools, officially announced today the launch of its law firm practice group. Adapting TTS’s coursework offered to banks, corporations, investment firms, consulting firms and academia, TTS is now providing training to law firms to assist transactional and litigation attorneys in understanding financial statement analysis, corporate valuation, takeover transactions, debt or equity issuances, and other relevant areas.  Today’s announcement formalizes what has been a growing practice area for TTS, which is already working with top-ten national law firms. In each training session, which is held at the client’s offices, TTS uses practical and real-life examples that attorneys encounter in various transactional and corporate litigation […]

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