Jefferies Management Letting Clean Urine Samples Do The Talking

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As 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!"

Richard Handler, chief executive officer of Jefferies Group LLC, said he and some investment bankers took drug tests to refute claims by the estranged wife of another banker that drug use is widespread at the firm. “Suggestions of rampant drug use are pure fabrication,” Handler said in a memo obtained today by Bloomberg News. “The two of us can of course attest that all tests came back drug-free.”

Gasparino: Jefferies Bankers Taking Drug Tests [@cgasparino]
...we went to our partners in healthcare investment banking yesterday afternoon and said, “The two of us are going to go take a drug test, and do you want to join us?” [Jefferies]
Bankers Take Drug Tests at Jefferies Amid Divorce Scandal [Bloomberg]

Earlier: Jefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update); Jefferies Exec (Allegedly!) Held An Offsite “Mushrooms Day”; Jefferies Exec Details All The Places He’s Never Mistaken For A ToiletJefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update); Jefferies Exec (Allegedly!) Held An Offsite “Mushrooms Day”; Jefferies Exec Details All The Places He’s Never Mistaken For A Toilet; Jefferies Exec Sage Kelly Taking A Timeout From Investment Banking; Things Could Be Worse But They Could Also Be Better At Jefferies Right Now; Jefferies Exec Sage Kelly (Allegedly!) Lets Analysts Deal With His 28k Strip Club Tabs

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