Jefferies boss in massive payout

Investment bank Jefferies Group paid its chief executive Richard Handler $45.2m (£28.7m) in 2012, making him one of Wall Street’s most highly compensated executives, according to a securities filing yesterday. Handler’s pay package included $1m in salary, a $5m bonus and $39m in stock grants that would cover 2013 to 2015, according to the filing. JP Morgan halved Jamie Dimon’s bonus to $11.5m for 2012.