Back in November, Cadwalader, Wickersham & Taft issued a bonus memo that was devoid of numbers. Today, the CWT associates who survived the recent layoffs — which, to be fair, is most of them — learned how much they’d be getting.
But since there was no firm-wide memo, there’s still a lack of total transparency about how much people are getting. Associated were notified individually:
“CWT announced its bonuses today in individual letters to the remaining associates. Some people got full market bonuses and others got letters that merely told them what 2008 salaries are, with no mention of a bonus.”
If you can shed more light on the situation, feel free to post in the comments, or email us. Thanks.