Jefferies Vows Immediate Cash Bonuses as Big Banks Defer
This article is for subscribers only.
Jefferies Group Inc., the investment bank selling itself to Leucadia National Corp., will pay employees year-end bonuses in immediately available cash.
Jefferies also is extending so-called garden leave, the period workers must wait before joining competitors, Chief Executive Officer Richard Handler and executive committee Chairman Brian Friedman said in a Dec. 7 staff memo.