When Mark Walter, the chief executive officer of Guggenheim Partners LLC, ran Chicago investment firm Liberty Hampshire Co., a junior associate asked in 1996 why he decided to accept money from outside investors.
Jefferies Group Inc., the investment bank selling itself to Leucadia National Corp., will pay employees year-end bonuses in immediately available cash.
Jefferies Group Inc.’s plan to pay two executives $78 million of incentive compensation could hurt the firm’s bondholders, Moody’s Investors Service said.
Jefferies Group Inc.’s sale to Leucadia National Corp. is Richard Handler’s attempt to solve a puzzle every mid-size securities firm is facing: How to spur earnings without ratcheting up on leverage.
Jefferies Group Inc. Chief Executive Officer Richard Handler’s pay for fiscal 2011 fell 7.9 percent after the investment bank’s shares slid 48 percent last year and he declined a $4.88 million bonus.
"This is an attractive investment for Leucadia and we look forward to a mutually beneficial relationship with FXCM management."
- Brian Friedman on Jan 20, 2015