Interactive Brokers shares jump as it secures spot in S&P 500
Investing.com -- Jefferies Financial Group Inc. has informed its top bankers that collaboration is now essential for maximizing their bonuses, according to a Financial Times report.
The directive was delivered by President Brian Friedman during a recent offsite meeting with managing directors, as reported by the FT, which cited unnamed sources.
This policy shift aims to support Jefferies’ strategic goal of handling more large corporate transactions, which typically require extensive teamwork and coordination across different divisions of the bank.
Friedman explained to the Financial Times that the messaging was intended to eliminate any notion that bankers "can work on a narrow basis and that might result in them getting better rewarded."
The move represents an effort by Jefferies to align compensation incentives with its broader corporate objectives of securing more complex, team-based deals.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.