Skip to content
Subscriber Only

Jefferies Offers Junior Bankers a Peloton Bike, Apple Perks

  • CEO Handler says gifts reward ‘hard work and sacrifice’
  • Wall Street’s grinding work pace a hot topic this week
A Peloton Interactive Showroom Ahead Of Earnings Figures
Photographer: Adam Glanzman/Bloomberg

Jefferies Financial Group Inc. is grateful for toiling junior bankers -- and the Wall Street firm is showing its appreciation with a selection of coveted fitness perks including a Peloton Interactive Inc. bike and Apple Inc. products.

“This is the very least we can do,” Chief Executive Officer Rich Handler said Thursday in an emailed statement. “Everyone at Jefferies is deeply appreciative of the hard work and sacrifice all of our analysts and associates have made since the start of Covid-19.” Efforts to reward junior staff have been in the works for weeks and are not in response to recent news, a person with knowledge of the matter said.