Guggenheim ‘bank wrecker’ could get $100M exit package By Carleton English October 18, 2017 | 10:52pm | Updated Modal Trigger Guggenheim Partners executive Alexandra Court is negotiating a "golden parachute" that could reach $100 million, a source said. Alamy Alexandra Court, the Guggenheim Partners executive who has been on leave from the investment firm for more than four months, is negotiating an exit package that could reach nine figures, The Post has learned. More On: guggenheim partners CEO swears he didn't buy hot exec a $13M mansion Guggenheim Partners CEO might step down Guggenheim 'bank wrecker' extends her 'sabbatical' Internal power struggle rattles Guggenheim Partners Court has been on sabbatical since June — around the time reports started to surface about tension in the upper ranks of Guggenheim. There have been multiple reports on Court negotiating an exit package, but this is the first time a prospective size of a golden parachute has been detailed. Court was transferred to the firm’s US offices in April 2016 and named the firm’s global head of institutional distribution after a successful number of years building up Guggenheim’s business in Europe. But since Court’s arrival, dozens of traders and analysts have left the 18-year-old outfit. Top Guggenheim brass are irked at Court’s promotion, Bloomberg reported earlier this month. Court, who decided to take the sabbatical as storm clouds gathered over Guggenheim, was expected to return to work Sept. 1. Her leave was then extended 30 days and there was talk that Court would be back at her desk on Oct. 1. The successful South African-born executive, however, is still on leave. Court is now not expected back at Guggenheim at all, sources tell The Post. She is said to be hammering out the exit package that could add up to as much as $100 million, one source told The Post. But Martin Singer, a lawyer for Court, said that she is negotiating no such a package. “We categorically deny your story,” a spokesman for Guggenheim said on Wednesday in a statement, but the statement did not offer any specifics. Court has been a Guggenheim employee since 2010 and spent much of her time working out of the firm’s London office, where she was credited with amassing the $290 billion asset manager’s previously nonexistent European business. But despite her proven record in Europe, Court’s promotion 18 months ago was met with rancor. see also CEO swears he didn't buy hot exec a $13M mansion The promotion is said to be an igniting factor in a feud between Chief Investment Officer Scott Minerd and co-founder Mark Walter, who is said to have had a close relationship with Court. Guggenheim has repeatedly denied that there was anything improper about the relationship between Court and Walter. “There is no nonbusiness relationship,” a Guggenheim spokesman said in a statement. “But if there were, it was fully and promptly disclosed to the appropriate parties at Guggenheim, in accordance with established processes and procedures, which were then fully implemented, to avoid improper influence or favor.” Multiple attempts over two days to get a comment from Singer about the nature of Walter and Court’s relationship were unsuccessful. http://nypost.com/2017/10/18/guggenheim-bank-wrecker-could-get-100m-exit-package/
This woman did raise $290 Billion for the firm - I believe she is quite deserving of the exit package. Compare that to Marissa Mayer who got almost double that in her severance from Yahoo, after having driven it into the ground.
Read the article more closely. The firm has 290bn aum. She is credited with building the European business which is some part of those assets. She didn't raise 290bn