• 31 Jan 2012 at 5:15 PM

Bonus Watch ’12: Jefferies Offers Employees Sophie’s Choice

By

Tough calls.

Jefferies, whose stock dropped by almost half in 2011, gave employees a choice when paying the stock-based portion of their annual bonuses: take the firm’s shares, or accept cash at a 25 percent discount. The offer to convert stock awards into payouts boosted cash-compensation expense by $17.5 million, the New York-based firm said in an annual financial report. It didn’t say how many employees opted for cash, and Richard Khaleel, a company spokesman, declined to elaborate.

[Bloomberg]

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Comments (15)

  1. 1
    Posted by LMM | January 31, 2012 at 5:32 PM

    Sounds like a good way to identify the employees planning to leave before the stock vests.

  2. 2
    Posted by I chose stox last yr | January 31, 2012 at 5:35 PM

    Would anyone NOT choose cash…?

  3. 3
    Posted by guest | January 31, 2012 at 5:36 PM

    You, last year?

  4. 4
    Posted by Alan_Stanwyk | January 31, 2012 at 5:37 PM

    Anyone want to trade your deferred stock for our liability linked preferred shares?
    -CS MD

  5. 5
    Posted by investorcluzo | January 31, 2012 at 5:38 PM

    I will gladly pay you Tuesday for a hamburger today.
    -W. J. Wellington

  6. 6
    Posted by Guest | January 31, 2012 at 5:43 PM

    I need cash now!

  7. 7
    Posted by J.G. Wentworth | January 31, 2012 at 5:45 PM

    Can you sing that?

  8. 8
    Posted by guest | January 31, 2012 at 5:49 PM

    you pay now!

  9. 9
    Posted by Guestopolos | January 31, 2012 at 5:53 PM

    Need cash now?

    -Montel

  10. 10
    Posted by Guest | January 31, 2012 at 6:13 PM

    I got the same deal when I won a jacuzzi on Wheel of Fortune.

    - guy who got lucky in the bonus round with his three more consonants and a vowel

  11. 11
    Posted by Gronk Gronk | January 31, 2012 at 6:44 PM

    GRONK!!

  12. 12
    Posted by Chuckie | January 31, 2012 at 7:03 PM

    What am I, fuckin' sandwich welfare? I think you should establish a good line of credit. Like how you bought your couch, payment plans. Remember how your mother brought in $10 everyday for a year and she finally got her couch Rent-A-Center Style?

  13. 13
    Posted by Larry | January 31, 2012 at 7:43 PM

    Mayor Bloomberg will be happy, $12 in tax receipts bought forward

  14. 14
    Posted by dontbescaredhomie | February 1, 2012 at 10:33 AM

    glad i own it from 10, a 33 percent discount.

  15. 15
    Posted by UBS Quant | February 1, 2012 at 11:05 AM

    Sounds like a great deal to me…buying dollars at 75 cents? Just like Warren Buffet does!

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