Behind the Money with the Financial Times

Inside an investment banking battle royale

Behind the Money with the Financial Times

Published: 12 March 2025 at 04:00 UTC

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Episode notes

Disputes over power and pay aren’t unusual at Wall Street’s top firms. What isn’t ordinary is when the conflict turns into a decade-long legal battle. That was the case for boutique investment firm Perella Weinberg Partners and their former star banker, Michael Kramer. After 10 years, their dispute recently went to trial in Manhattan. The FT’s Wall Street editor Sujeet Indap had a seat inside the courtroom, and tells us what he learned about the inner workings of the firm. Clips from Bloomberg, Fox Business

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For further reading:

Perella Weinberg trial lifts veil on bitter feud among top bankers

Court brawl reveals fractious world of investment banking

Wall Street’s battle of the bankers

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Follow Sujeet Indap on X (@sindap) or on Bluesky (@sindap.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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