The Jefferies Group reported that CEO Richard Handler was granted total compensation in 2010 valued at $47.3 million.  According to its regulatory filing with the SEC, the 2010 pay figure included compensation granted in 2010 for performance in other years.  Mr. Handler's compensation for its 11-month fiscal 2010 period was $15.2mn;  Jefferies changed its fiscal calendar in 2010, resulting in the shorter timeframe.  The $47.3 million figure includes about $45mn in restricted stock grants related to 2009 to 2012 - contingent on performance until vesting. 

In 2009, Mr. Handler's compensation was valued at $7.1 million, according to the filing. 

For 2010, Mr. Handler received $13mn in restricted-stock units under the company's long-term incentive plan and base salary of $917K.  He was eligible to take home a $2.5mn cash bonus, but requested that he receive only half that amount - or $1.3mn.  This past week, Jefferies posted fiscal first-quarter profit that climbed about 20% from a year ago, as revenue surged in principal transactions and investment banking, and as the company got an unexpected boost in fixed-income trading.    [WSJournal, 3/26]