Here are the can't-miss stories that our readers loved from the past month.
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| | ICYMI: Our most popular finance stories in May Hello,
In May, Business Insider's finance team tracked how the pandemic is transforming the way Wall Street is operating and hiring.
Here are the can't-miss stories that our readers loved from the past month:
- Pay rifts, a partner divide, and a threat at the Ritz Carlton: 50 insiders reveal all on a massive shakeup at elite law firm Boies Schiller.
Over the past six months, more than 30 partners have exited law firm Boies Schiller Flexner, which was founded by superlawyer David Boies. Casey Sullivan and Meghan Morris talked with dozens of insiders about the key issues behind the turnover.
- Investment manager TIAA is offering 75% of its US employees buyouts and some could get their full salaries for nearly 2 years
This scoop from Tanya Dua and Meghan Morris revealed a big move to shrink headcount at the $1.1 trillion investment manager.
- Meet the 4 dealmakers driving Blackstone's $325 billion commercial real estate portfolio. They walked us through how they're thinking about opportunities in the downturn.
Blackstone is the largest commercial real-estate investor in the world, with $160 billion in investor capital. Alex Nicoll spoke to Blackstone real estate's three heads of acquisition, and their head of debt origination, to learn more about their business and to get their take on how the pandemic is shaping the CRE landscape.
- POWER BROKERS OF DISTRESSED CREDIT: Meet 11 Wall Street stars trading busted bonds, bankruptcy claims, and other fire-sale securities
As the economic fallout spreads, more opportunities and flow are likely to come the way of banks' distressed-debt desks. Alex Morrell and Dakin Campbell spoke with nearly a dozen insiders to map out the power players and personalities of a corner of Wall Street that's quickly heating up.
- Leaked WeWork document reveals a huge reorg under way for people who manage its buildings. Here's how the new structure works — and the complex process for staff to save their jobs.
Meghan Morris and Dakin Campbell revealed that coworking giant WeWork is conducting a massive reorganization of its community team across the US and Canada.
- Jobs for thousands of young consultants are being upended. From delaying start dates to cutting internships, here's what 8 top firms, like Deloitte and McKinsey, are doing.
Meghan Morris and Weng Cheong uncovered tons of details and compiled everything you need to know about how consulting giants are changing their summer internships as well as timelines for new hires.
- Bank of America's summer internship will be entirely virtual. A talent exec runs through how the bank's 2,000 global interns will learn, network, and volunteer without stepping into an office.
Wall Street internships are going virtual this summer. Shannen Balogh got an in-depth look at how exactly that will work at Bank of America — and how interns can impress leaders from afar and up their chances of landing a full-time gig.
- Private-equity hiring is getting upended. From senior execs jumping ship to new timelines for scouting junior talent, 6 recruiters lay out what to expect.
The pandemic has upended private-equity recruiting. Casey Sullivan spoke with top recruiters to understand what that means for experienced hires and poaching young talent. | | | | |
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