Jefferies Paid Executive Bonuses Even as WeWork Hurt Returns
- Board approved $10.7 million in bonuses to Handler, top execs
- Firm defends payout based on WeWork’s unanticipated collapse
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WeWork’s dramatic fall should have deprived top executives at Jefferies Financial Group Inc. their bonuses.
That was until the bank’s board stepped in and authorized $10.7 million in cash payouts to Chief Executive Officer Richard Handler and three of his deputies, according to a regulatory filing Tuesday.