James Hance, Senior Adviser for the Carlyle Group, will become the 13th board member for Morgan Stanley, America's sixth largest bank. His twelve peers pocketed from $325,000 to $375,000 in director's compensation from Morgan Stanley in 2008. Sweet!
Not to mention the dance between former investment banks and private equity underwriters. Keep your friends close and your enemies closer!
(Note: Carlyle Senior Adviser Charles Rossotti sits on the board of Bank of America.)