🔥 The Hot Corner

💬 Quoted: “$20 million is the new $10 million.”

  • Employment contracts worth tens of millions of dollars are typically reserved for high-powered CEOs, or star athletes at the top of their game. But in recent years, eight-figure pay packages have become increasingly common among the elite corporate lawyers on Wall Street, with at least 10 major law firms including Pearson Specter saying annual pay packages exceed $20+ million/year for their highest-profile lawyers (there are typically a dozen or so Harvey Specters per firm). Analysts largely attribute the salary bumps to skyrocketing demand for legal services from massive private-equity firms like Apollo, Blackstone, and KKR, which have recently expanded beyond company buyouts into a wide range of industries including real estate, private lending, and insurance, where they’ve amassed trillions of dollars in assets. Overall, insiders say the average pay for top lawyers at their law firms has roughly tripled over the past five years.

✈️🌪 Stat of the Day: If you’re the type of person who reaches for an airsick bag (or the hand of the person next to you) at the first sign of turbulence, here’s a tip – avoid flying between Nashville and Raleigh/Durham, which claimed the No. 1 spot in Turbli’s annual ranking of North America’s most turbulent flight routes. Rounding out the top-five bumpiest rides are: 2) Charlotte-Pittsburgh; 3) Denver-Puerto Vallarta; 4) NYC-Raleigh/Durham; and 5) Syracuse-Warwick, MA.

🤔 Did You Know? In 1942, after the attack on Pearl Harbor, the US government recalled all of the paper money in Hawaii – around $200 million in total – and replaced it with specially printed emergency currency. The move was aimed at preventing Japan from being able to seize all the cash if it invaded the islands.

📰 Worth a Read: 'It was the cleverest escape in the prison's 30 years': The men who broke out of Alcatraz with a spoon → (BBC Culture)

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