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0.000155561317085677 0.000207415089447716 0.001016333938294 0.000855587243971958 -0.000104226082447568 0.00342234897588798 0.00254031630801129 0.00233341975628721
Stock impact report

Jefferies CEO sold $65 million in stock to buy a yacht from a client [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Handler said on Wednesday that he wasn't planning any more stock sales. Jefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht. Handler sold 1.5 million shares , or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement. "My sale of shares today was a gift to myself and my family, and I do not intend to sell any further shares," Handler said in the statement. "I remain extremely bullish on Jefferies." A source told the Financial Times the boat was a Westport 164 yacht and was being purchased from Handler's longtime friend Tilman Fertitta, a Jefferies client. Fertitta is the billionaire CEO of the hospitality company Landry's and owns the Houston Rockets, an NBA team. The two men jointly own Landcadia Holdings, a blank-check company. Jefferies said in the statement that Handler, who's been with the bank since 1990, had received about 70% of his p Show less Read more
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