Maybe this is true. Or maybe it’s a joke. From the Greedy NY board:
Can we get confirmation…just heard from my wife’s friend at S&C (through my wife) but I don’t know her well enough to ask for the memo….thank you God.
We have emails and calls in to the firm. If you’re at S&C and can confirm, please email us. Thanks.
Update (12:42 PM): No official word back from the firm yet. But we just got off the phone with one associate there, who told us that he hadn’t heard any such thing.
Update (2:43 PM): The S&C spokesperson hasn’t called us back, maybe because she doesn’t want to dignify such silliness with a response. But a current summer associate at the firm tells us: “I’m a summer associate and I haven’t heard any such thing. I think that if they were going to go to that level, they’d tell summers for recruiting purposes, right?” Right.
Update (4:27 PM): The S&C spokesperson acknowledged receipt of our inquiry, which she passed along to the appropriate partners. She said that if they would like to comment (they might not), they will contact us.
Conclusion: The rumor is false. But hey, at least the S&C partners know that raises are eagerly anticipated — and expected any day now!
S&C to 190k! Let the games begin… [Infirmation / Greedy NY]