Skip to content
Subscriber Only

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
Rich Handler
Rich Handler
Updated on

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.