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Massive news breaking out- would love to hear your thoughts on this.

Note to Mods- please merge this with any thread on the same topic if it is already published before this, to prevent duplicity, thanks.
JSA Mumbai was raided from all directions to set up SAM Mumbai so it’s payback in a way!!
From what I remember during my brief stint at SAM, Mumbai; Iqbal and his team operated like a firm within a firm. His high billing and loyal clients will definitely impact SAM given how this move has panned out.
Fully agree with the whole firm within a firm part. Be interesting to see how SAM reacts, but does look like it’ll be a big loss for them. Also might create a bit of general churn / domino hiring if they go for big names(s) to replace Iqbal. Fun times ahead.
Math doesn't check out. SA1 at JSA makes around 40LPA incl bill share and bonus. PAs make close to 70. They're doing a pay band revision at JSA this year which will up these numbers by 8-10%. I don't see a big difference
Kuch bhi, with the bills share, JSA SA and PAs match SAM if not crossing
Can y’all explain the math and general sense behind this move?

Would love to hear your thoughts and inputs
Hi Iqbal. I see you're really pushing on the PR front....
Even raided SR Associates. Their banking finance team is moving too.