Bellwether

摘要

Ever since goldman Sachs and Morgan Stanley became bank holding companies in the wake of the financial crisis six years ago, Jefferies has been the only true broker-dealer left on Wall Street. But those hoping the bank would be the standard bearer for vulpine Wall Street behaviour and red-blooded excess have been disappointed. Since being bought by Leucadia in 2012, the firm appears to have gone all touchy-feely. Over the summer, Bellwether saw a monthly newsletter from Rich Handler and Brian Friedman, chief executive and chairman of respectively, imploring its senior staff not to "act like jerks" towards their subordinates.