A top banker received a $20 million bonus after four firms made him job offers as Wall Street goes to extremes to recruit and retain talent

A top banker received a $20 million bonus after four firms made him job offers as Wall Street goes to extremes to recruit and retain talent

Big money is back on Wall Street, and top banks are opening their wallets in a fierce competition to hire new workers and keep the ones they have.

Wall Street employment lawyer Steven Eckhaus, who works at McDermott Will & Emery and represents top bankers, told the New York Times that he negotiated several eight-figure salary packages for his clients. And he said that one of his clients received a $20 million signing bonus after a bidding war that lasted four months.

Eckhaus did not immediately return Fortune’s request for comment.