Jefferies May Let Employees Choose When to Receive Bonus

The transcript discusses Jefferies' decision to offer employees the option to receive their bonus payments in December instead of January, due to tax considerations. Employees are consulting with accountants and lawyers to determine the best timing for their bonuses to minimize tax liabilities. The discussion also highlights Jefferies' generous bonus payments, which are higher than average since the financial crisis, with an average of $530,000 per employee.

What impact does the tax bill have on the decision-making process for employees regarding their bonuses?

What was the average bonus amount reported for Jefferies employees?