• 29 Jan 2013 at 5:17 PM

Bonus Watch ’13: Jefferies CEOs

Dick Handler ended up doing pretty okay for himself.

Jefferies Group awarded Chairman and Chief Executive Richard Handler $19 million in annual compensation for 2012, up 36% from a year ago, a sharp raise that pushed him ahead of some top executives at larger Wall Street rivals. In its annual report filed with the Securities and Exchange Commission, the investment bank, which agreed to be bought by Leucadia National Corp., LUK +1.12% said Mr. Handler will receive a $13 million long-term equity-incentive award as well as a $5 million cash bonus and $1 million in base salary. The big pay increase means Mr. Handler will take home more than J.P. Morgan Chase JPM +1.03% & Co. Chairman and CEO James Dimon and Morgan Stanley Chairman and CEO James Gorman. Mr. Dimon had his compensation slashed sharply, to $11.5 million, amid the fallout over a trading debacle that cost the nation’s largest bank more than $6 billion. Mr. Gorman is expected to receive less than the $10.5 million he was granted for 2011, according to a person familiar with his pay package.

A $19 Million Payday for Jefferies CEO [WSJ]
Related: Jefferies Has Got Your Cold Hard Cash Right Here

12 comments (hidden to protect delicate sensibilities)
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Comments (12)

  1. Posted by Bejujular | January 29, 2013 at 5:26 PM

    Who knew Dick Handlers were so well paid?


  2. Posted by Nicholas Cage | January 29, 2013 at 6:35 PM


  3. Posted by qwestion | January 29, 2013 at 7:29 PM

    Dick Handler always does well for himself.

  4. Posted by Jay | January 29, 2013 at 7:55 PM

    This guy is making money hand over fist.

  5. Posted by Joe Sixpack | January 29, 2013 at 10:14 PM

    I'm a little slow on this one but did you hear about the two Irish quants at JPM Patrick Fitzgerald and Gerald Fitzpatrick………….

  6. Posted by Shazared | January 30, 2013 at 12:48 AM

    Joke briefer, can you help out?

  7. Posted by Guest | January 30, 2013 at 9:11 AM

    So, I guess size does not matter.

    – Observer

  8. Posted by 2 cubes over | January 30, 2013 at 10:05 AM

    Don't abuse the briefer's time.

  9. Posted by Guest | January 30, 2013 at 10:31 AM

    Cool but you still work at Jefferies

  10. Posted by Tom Joyce | January 30, 2013 at 1:51 PM

    I want to be the next Dick Handler.

  11. Posted by UBS Prestige Quant | January 30, 2013 at 2:26 PM

    Yeah, I'd rather work at Goldman and make $5MM than work at Jefferies and make $19MM.

  12. Posted by Cheval | January 30, 2013 at 4:13 PM

    I want to be the next cockfoster.