Richard Handler on mergers and acquisitions
From Career & Culture with Jefferies CEO Richard Handler | Global Alts 2023 · · iConnections
“The merger was basically usually Financial Services mergers one company buys another company for four times book that company winds up having the same kind of people so they fire half the people there's a restructuring charge three years later and it's a mess that that's how and and management makes a lot of money that's how most Financial Service mergers have happened to that day prior this was a stock for stock merger okay no one got paid a retention bonus because nobody wound up having a new boss.”
On , Richard Handler, Chief Executive Officer & Director at JEFFERIES FINANCIAL GRP INC, spoke about mergers and acquisitions during Career & Culture with Jefferies CEO Richard Handler | Global Alts 2023 on iConnections.
About Richard Handler
Richard Handler, CEO of Jefferies, has been active in discussing Miami's growing role in finance. In a December 2024 interview, Handler stated that he had spent eight days in Miami meeting with 140 clients, including private equity and hedge fund executives. He described Miami as "an active part of the financial system at this point in time" and "a major hub" for transactions and conferences, adding that the consistency of people staying in the area is likely to be maintained. Handler has also spoken about his management philosophy and the importance of avoiding risk. At a 2023 conference, he said that "rule number one has to be do not blow up your company," attributing Jefferies' survival and growth to that principle. He has emphasized the value of mentorship and family, noting in a 2022 interview that he runs a scholarship program for disadvantaged students and that his family is his top priority. In 2014, Handler participated in the ALS Ice Bucket Challenge, jumping into an ice bucket and nominating four individuals, including Tilman Fertitta and Pitbull.