The Financial Times reported that Jefferies is asking the CEO to cooperate in order to maximize bonuses.

According to reports, Jefferies Financial Group has informed top bankers that they must collaborate in order to maximize bonuses. Sources say that President Brian Friedman recently introduced this idea at a remote meeting of Jefferies' board of directors. This change is aimed at supporting the bank's increased focus on large corporate transactions, which typically require large teams and company-wide cooperation. Friedman stated that the message he delivered is intended to dispel a mindset that bankers can operate in isolation and potentially receive better rewards. Jefferies' press office did not immediately respond to requests for comment.