Wall Street headhunters stiffed by clients

Headhunter Sanj Hingorani is a 19-year veteran of Wall Street’s brutal multimillion-dollar recruiting wars — and he was 'stiffed' by clients.

Hingorani is owed about $300,000 in fees, and that’s because of today’s more cutthroat corporate practices, the headhunter says.

The New York Post reports that Hingorani’s deadbeat clients are banks and brokers who’ve tapped him to find specialized talent — brainy electronic trading experts, for example — to grease the wheels of their giant money-making machines.

The New York-based headhunter sources star traders and other professionals who can earn millions of dollars in a good year, and says he has recruited more than 100 pros in his career. Until recent years, payment was usually smooth sailing.

That changed abruptly, Hingorani says, after the financial crisis of 2008. Before, firms spent more liberally on recruiting, wining and dining prospective hires and headhunters.

Today, firms often shortchange the folks who find them the talent, Hingorani claims.

Hit the link below to access the complete New York Post article:

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