As today’s Wall Street Journal article, “Fund’s Employees Face Uncertainty” indicates: “No major financial firm has survived a criminal indictment.” With the criminal indictment of SAC Capital Advisors, many of its current employees are confronted with a difficult decision. The choices are limited – stay or go.… Read More
Is Jefferies Group Inc. moving against the grain by paying bonuses in cash or are they setting a new trend? Hard to predict.
In yesterday’s Wall Street Journal, Lunch Break: Jefferies in Flap Over Plans for Bonuses in Cash discusses backlash to Jefferies’ election to pay bonuses in cash rather than in stock. On my mind is the collection headache Jefferies may have created for itself, which may inure to the benefit of the bonus recipients.… Read More