Bonus Watch '11: Eleventh Year Jefferies CEOs
Richard Handler has declared himself not worthy.
Jefferies Group CEO Richard Handler said he is among the managers who declined bonuses for after the firm’s stock dropped more than 50 percent this year. “We’ve given back our entire bonus,” Handler, 50, said yesterday, referring to himself and Brian Friedman, chairman of the executive committee. Handler, who receives a $1 million salary, didn’t say how much money they turned down.
[NYP]