Notes |
'Other legends include Lehman Brothers' quantitative analyst Elaine Garzarelli, who predicted the 1987 stock market crash, and C.J. Lawrence Inc. oil expert Charles Maxwell, who warned Detroit's Big Three automakers in the early 1970s of the impending "energy crisis" -- a term he coined, according to David Halberstam's The Reckoning. Garzarelli and Maxwell reportedly also collect substantial sums for managing money on the side.'
NYT, 1981: "LAWRENCE: A WALL STREET BOUTIQUE THAT LIVED"
'Indeed, just a year ago Salomon Brothers offered Mr. Maxwell a position as head of its energy research group at a sizable increase in salary. Mr. Maxwell got as far as turning in his resignation. ''My wife and I looked at the salary offered and said, ''With five children in college, how could I turn that down?' '' But the Lawrence board countered with an offer to give Mr. Maxwell time to manage money for his own clients - a much more lucrative side of the business. While his compensation as an analyst totaled about $140,000 last year, his remuneration from money managing came to more than $200,000.' |