Bonus Watch '13: Jefferies
Last year, a li'l investment bank that could called Jefferies paid out bonuses comprised entirely of cash. This proved pretty popular, so this year, CEO Dick Handler has decided to do it again.
The boutique investment bank is going to pay bonuses in cash again this year, according to two people familiar with the situation. Neither would say whether bonuses for 2013 would be up or down on last year, but the bank Tuesday reported “exceptional quarterly performance in our investment banking business,” with revenues up 47% in the three months to November 30 from the previous year.
Jefferies Continues with Cash Bonuses [MoneyBeat]
Earlier: Bonus Watch ’12: Jefferies Has Got Your Cold Hard Cash Right Here
