Investing
Wall Street’s Newest Billionaire CEO Is Beating His Banking Rivals in Best Year Ever
The Jefferies boss with an offbeat online persona is now a billionaire, thanks to the firm’s soaring stock
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The towels had been freshly laid out, the turquoise waters glistened and a spicy margarita awaited when Rich Handler’s phone buzzed in Turks and Caicos.
A flustered executive back at Jefferies Financial Group Inc. was interrupting the CEO’s vacation to discuss the messy unraveling of a client -- Bill Hwang’s Archegos Capital. Handler said he was going to fetch his cocktail and that when he got back he wanted the Archegos positions gone and to be told the tally of the losses.