Howard Diamond Quoted
By John Aidan Byrne
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.
While blatant fraud can be hard to prove, many recruiters say Wall Street can play hardball in today’s more cost-conscious environment. Some fees, for example, never get paid because of elementary cracks in legal agreements, some say. “We have been in business 17 years and we have never been stiffed or not paid,” said Howard Diamond, general counsel at headhunter Diamond Consultants.