Jefferies

  • 06 Nov 2014 at 1:26 PM

Sage Kelly’s Boss Has Been There

Ben LorelloIf Kelly needs a shoulder to cry on– and he probably does–, Ben Lorello can empathize. Read more »

jefferiesAs you may have heard, this week has been a tough one for Team Jefferies. Not only for Global Healthcare Head Sage Kelly– who took a voluntary leave of absence yesterday– but for other senior members of the bank, who’ve either been named in the complaint filed by Kelly’s soon-to-be ex-wife or simply felt embarrassment by association. It’s unclear what exactly was going on over at HQ today, but it seems that some sort of tipping point occurred and a scene similar to the following occurred:

Senior Jefferies Management is reading the latest allegation re: Kelly

SJM: “Oh come on.”
SJM: “Oh this is ridiculous.”
SJM: “You’ve got to be kidding me. No, this is…oh HELL NO [unbuckles belt, screams into intercom:] “Get me a cup…I said get me a fucking cup!”

Read more »

Sage KellyAs you may have heard, Jefferies Global Healthcare Head Sage Kelly is currently taking a time out from investment banking, following allegations made by his estranged wife Christina that include but are not limited to Sage: holding a “Mushrooms Day” for colleagues in the Hamptons; developing his relationship with a client by having sex with the guy’s girlfriend while said client had sex with Kelly’s wife; and at times being so drug-addled that he could not differentiate between a toilet and his bed, the floor, and a wall. (For his part, Sage has said that while he admits to using “recreational drugs on occasion at certain social events in the past,” he has “never defecated or urinated in bed, on the floor or a wall.” The aforementioned client has denied taking part in the foursome.)

Now, a person familiar with Kelly’s healthcare group is adding to the “Things Sage (allegedly!) Made Me Do” cannon. Read more »

Sage KellySayeth executive committee chairman Brian Friedman and CEO Richard Handler, in a memo to employees:

For the past few extremely painful days, the media has been reporting on one person’s very personal and inflammatory allegations, some of which relates to several of our employee-partners and two of our clients. We cannot express how deeply we regret the agony and distraction that this has caused all of us, not to mention our clients, each of whom has categorically denied the allegations. If you know us personally, and most of you do, you know how seriously we are taking this matter and how focused we are on always doing the right thing. Our mindset is always to be straightforward and transparent with all information, and we will do our best to do so in this situation, but we also must be mindful of personal privacy issues and legal complexities.

Read more »

According to a court filing by his soon-to-be ex-wife, Christina, Jefferies Global Head of Healthcare Sage Kelly (he of “I have never defecated or urinated in bed, on the floor or a wall“) allegedly “develope[d] and expand[ed] his relationship” with a principal at Aegerion Pharmaceuticals by having sex with the guy’s girlfriend and offering up his wife in exchange. Read more »

Sage KellySome words you don’t often hear senior Wall Street execs say aloud are “I have never defecated or urinated in bed, on the floor or a wall.” And yet, Sage Kelly, Global Head of Healthcare Investment Banking at Jefferies, said exactly that in court papers this week, in response to allegations by his wife that he’s mistaken all of those places for a toilet, in addition to other stuff re: copious drug use, “foursomes,” and “wife-swapping.” Read more »

  • 13 Oct 2014 at 11:30 AM

Pay Hike Watch ’14: Jefferies

The junior mistmakers at the House ‘o Handler will not be left out of the fun. Read more »