BUSINESS

Wall Street CEO Turns Down $2.2 Million Bonus He Didn't Deserve

Richard Handler, chairman and chief executive officer of Jefferies Group Inc., speaks at the Milken Scholars Alumni Symposium
Richard Handler, chairman and chief executive officer of Jefferies Group Inc., speaks at the Milken Scholars Alumni Symposium in New York, U.S., on Friday, Feb. 22, 2013. The Milken Scholars Program provides support for talented young leaders in college and after they graduate. Photographer: Peter Foley/Bloomberg via Getty Images

Before we hail Jefferies’ Richard Handler as a hero in the CEO pay wars, consider this: He probably shouldn’t have qualified for the bonus that he turned down in the first place.

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