Jefferies Warns Employees That Bonus Season Will Be ‘Difficult’
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Jefferies Financial Group Inc. told staffers that the upcoming bonus season will be a “difficult” one following a volatile year across Wall Street.
“As always, we will do the right thing for the long-term success of everyone at Jefferies,” Chief Executive Officer Rich Handler and President Brian Friedman said in a memo to employees Thursday. “Let’s just spell it out here: ‘This is going to be a more difficult compensation season at Jefferies, just like it will be for every firm in our industry.’ We will work through the compensation process fairly, expeditiously and as transparently as possible.”