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Rich Handler, CEO of Jefferies, shared lessons from the Archegos saga emphasizing the importance of a safe environment for raising issues and the value of humility in risk management. Handler's decision to swiftly exit all Archegos positions was praised for its strategic insight and risk management approach, with many in the financial community commending his leadership and crisis-response advice.
Great lessons from @HandlerRich https://t.co/zKbwi9lxsW
I started my career at Jefferies. One thing @HandlerRich did was start every Monday with an “all banking” phone call and he ran it himself, no comms scripting. You could hear what he was thinking and get to know him even at 22 years old. https://t.co/YEdAyepl8e
Jefferies CEO gives his crisis-response advice after handling Archegos saga over a margarita https://t.co/w54uxNwoBa