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Bonus (Or Lack Thereof) Watch '15: Jefferies Chairmen And CEOs

Rich Handler and Brian Friedman have decided to go without this year.
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Richard Handler, chief executive officer of Jefferies Group LLC, turned down a cash bonus for 2014 after the investment bank fell short of performance targets and its parent company’s stock slid. While Handler, who also serves as CEO of the parent, Leucadia National Corp., was eligible for a $2.2 million bonus, he recommended to the compensation committee that the payout be withheld, Leucadia said Wednesday in a regulatory filing without specifying the reason for his decision. His long-term stock award also was reduced after the bank’s profits fell short of performance goals, according to the filing...Brian Friedman, Leucadia’s president and the chairman of Jefferies, also told the board of directors not to give him a cash bonus for 2014, according to the filing.

Wall Street CEO Voluntarily Turns Down $2.2 Million Bonus [Bloomberg]


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