Jefferies Grants CEO Handler $58 Million in 2012, Future Pay
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Jefferies Group Inc., the investment bank that agreed to sell itself to Leucadia National Corp., paid Chief Executive Officer Richard Handler $19 million for fiscal 2012 and approved $39 million in restricted stock awards for the next three years.
Jefferies boosted Handler’s annual pay 36 percent for the year ending Nov. 30, with a package that includes a $5 million cash bonus, $13 million in stock and a $1 million salary, according to a regulatory filing by the New York-based firm today. The three-year plan is similar to an incentive program enacted in 2010, maintaining annual payouts of restricted stock units at about $13 million through 2015, the filing shows.