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THR's Power Business Managers 2013

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    H - N
    Fred Nigro | Nigro Karlin Segal & Feldstein
    Courtesy of Subject
    Fred Nigro
    Nigro Karlin Segal & Feldstein Llp.

    Although the firm he co-founded handles 500 clients repped by more than 20 partners, these days the veteran business manager mostly focuses on David Letterman and his banner, Worldwide Pants. Consistent earners such as Letterman and fellow client Michael Strahan, who made a successful transition from sports to entertainment, make Nigro's job a lot easier.

    For the rest, he says the key to discouraging splurges like a second house is to explain that "they're only high-income people for a moment in time, and we don't know how long that moment's gonna be." He also shares this saying: "The first year you make money, you pay off everything you've owed your whole life. The next year you make money, you go out and you buy everything you've always wanted in life. Third year, you've gotta pay off everything you just bought the year before. And if you make it the fourth year, you start to save some money."

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