Published 9 days ago

Jefferies' CEO sold millions in stock to buy himself a yacht

Summary by Quartz

Investment bank Jefferies’ chief executive officer Rich Handler has sold off shares for the first time — to purchase a yacht, among other things, the firm said in a statement on Thursday. “My sale of shares today was a gift to myself and my family, and I do not intend to sell any further shares,” Handler said.Read more...

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Business Insider

Jefferies CEO sold $65 million in stock to buy a yacht from a client

CEO of Jefferies Rich Handler (left) and CEO of Mastro's Restaurants Tilman Fertitta (right) attend the Mastro's Steakhouse Grand Opening Celebration on November 11, 2014 in New York City.Rob Kim/Getty ImagesJefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht.He's buying a Westport 164 from his friend and Jefferies client Tilman Fertitta.Handler isn't planning any more stock sales, he said on Wednesday.Jefferies C…

9 days ago·United States

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Fox Business

Jefferies CEO Rich Handler cashes in more than $65M in stock to buy yacht

Rich Handler recently offloaded a boatload of Jefferies Financial Group stock.The investment bank on Wednesday disclosed the transaction in both a press release and Securities and Exchange Commission filing, saying its CEO had done so "to facilitate the purchase of a personal boat and to pay tax obligations."The sale involved 1.5 million shares and equated to $65.25 million, according to Jefferies.Handler said in a statement that he "do[es] not …

8 days ago·United States

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