Greenhill & (GHL) - 2023 Q1 - Earnings Call Transcript

Company Participants Matthew Moon - KBW Patrick Suehnholz Scott Bok already in the second quarter, our absolute dollars of compensation expense will decline significantly back to a normal level. And as those costs decline and greater revenue materializes, our objective is to bring our compensation ratio down toward our target range by year-end just as we've done in the past few years. Meanwhile, our non-compensation cost at just under $15 million were higher than last year's as a result of higher travel exp ...