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Jefferies CEO Wants Employees To "Bleed For A Unified Common Cause" Like They're Soldiers Storming The Beach In Normandy And Not Cubicle Monkeys Trying To Score Deal Fees

He put all this in a memo.
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Jefferies CEO Richard Handler and his staff recently spent some time with retired Navy Seal Clint Bruce, who talked with them about leadership. Handler's biggest takeaway? When you roll up to the bank each day, it's not enough to think of your co-workers as teammates. No, they've got to fellow members of a tribe, compromised of tribe members who are willing to die out there to get that pitchbook done.

"One of the points that Clint made that resonated the most with virtually every one of us in attendance was the distinction between being a "team" and being a "tribe." A team is a collection of people all working for a common goal. A tribe is a collection of people who know why they are together, are passionate about each other, bleed for a unified common cause and trust each other implicitly. Tribes are fearless, selfless, fully committed and tireless in pursuing their unified goals. Tribes are lean, efficient, move quickly and quietly, and get the job done. Tribes care about each other's well-being and collective success and realize there is no such thing as a zero sum game. Tribes pick each other up every time. Tribes are always honest with each other, and can always give and take constructive criticism. Tribes never have false agendas and speak plainly, openly and with integrity in purpose...We are both proud members of the Jefferies Tribe and will work tirelessly with all of you to make our Tribe the best we can be.

Who's with 'em?

JEFFERIES CEO: A former US Navy SEAL made an incredible point to us about thinking like a 'tribe' instead of a 'team' [BI]