I don’t think I’m capable of mustering much sympathy for the employees of Lehman Brothers. I know most of its employees aren’t responsible for its disappearance. But when many Americans are losing their homes, their dreams dissipating in Ch. 11 courts, the travails of the now unemployed denizens of Wall Street, no matter how innocent [...]
Posts Tagged ‘Lehman Brothers’
A Lack of Sympathy
Posted in Economics, tagged Bear Sterns, Chapter 11, Economics, investment banking, Lehman Brothers, NYtimes, pathos, subprime crisis, sympathy, the economy, Wall Street on September 19, 2008 | Leave a Comment »
Getting Paid: Updated
Posted in Economics, Politics, tagged Economics, economy, executive pay, executives, Hamlet, Lehman Brothers, Michael Eisner, money, Nicholas Kristof, NYtimes, Politics, Richard Fuld, This American Life on September 18, 2008 | Leave a Comment »
Nicholas Kristof of the Times has ‘awarded‘ his annual Michael Eisner Award for “corporate rapacity” to Richard Fuld, head of Lehman Brothers, the investment bank which just tumbled into oblivion. For the good deed of complete evaporating his shareholders’ assets, Fuld received the mere pittance of $45 million this year alone. During his tenure of [...]
