Rich Handler (Rich Handler), CEO of US investment bank Jefferies (Jefferies), recently sold the company's shares worth about $65 million to buy a luxury yacht for himself.
Jeffrey said in a statement on Wednesday that Handler sold 1.5 million shares, or 7% of his shares, to buy a “private vessel and pay tax obligations.”
In a statement, Handler said, “I am selling the stock today as a gift to myself and my family, and I don't plan to sell any more shares. I'm still very optimistic about Jeffrey.”
According to reports, Handler purchased a Westport 164 yacht from Jefferies customer Tilman Fertitta (Tilman Fertitta), an old friend of Handler.
Fertitta is the CEO of the hotel company Landry's and the owner of the NBA's Houston Rockets. The two jointly own Lancadia Holdings (Lancadia Holdings), an empty check company.
Jeffrey said in a statement that Handler has been working for the bank since 1990, and he received about 70% of his salary in the form of company shares. He has previously sold shares for tax and charitable purposes.