Wall St: Jefferies CEO's pay tops US bank rivals
Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
Tuesday 29 January 2013
Richard Handler, the head of the investment bank Jefferies, has raked in more in annual pay for 2012 than his opposite numbers at some of Wall Street's bigger and better-known firms.
Jefferies paid Mr Handler $19m (£12m) for the 2012 fiscal year, according to a regulatory filing. That puts him ahead of JP Morgan's Jamie Dimon, whose paycheck was cut to $11.5m owing to the "London Whale" trading loss.
The Wall Street Journal reported that Morgan Stanley's chief executive, James Gorman, was likely to receive less than the $10.5m he earned in 2011.
Simon Calder looks at communities fighting back against the poachers
Arsenal 1 Everton 1: Substitute equalises with six minutes to go
booksGeese, gorillas, grandads... and growing up
food + drinkMichelin-starred Tom Sellers on being this year's hottest property
tvParents (and kids) rejoice! A new wave of fantastic family entertainment is here
- 1 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant
- < Previous
- Next >
iJobs Money & Business
£25000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C++ Server Dev...
£300 - £350 per day: Harrington Starr: Leading Electronic Trading Software Ven...
£80000 - £100000 per annum + benefits + bonus: Harrington Starr: Project Manag...
£50000 - £60000 per annum + benefits + bonus: Harrington Starr: Business Analy...