Author Topic: Lehmann Brothers is firing 5000 investment bankers in London on one day  (Read 2499 times)

0 Members and 1 Guest are viewing this topic.

Offline Ulli

  • Honorable Winged Member
  • Gold Star JTF Member
  • *
  • Posts: 10946
Lehmann Brothers is firing 5000 investment bankers in London

http://www.bloomberg.com/apps/news?pid=20601102&sid=aPBbynunc30I&refer=uk

In this article is written, that they will pay the outstanding slaeries. But the German Press writes they will only pay a part, because they are broke.

The only good thing in this whole issue is that now will flood a lot of used business machines the market. So the price for them will go down. Not so bad for many small companies.

"Cities run by progressives don't know how to police. ... Thirty cities went up last night, I went and looked at every one of them. Every one of them has a progressive Democratic mayor." Rudolph Giuliani

Offline jimm1909

  • New JTFer
  • *
  • Posts: 1
Lehmann Brothers is firing 5000 investment bankers in London

http://www.bloomberg.com/apps/news?pid=20601102&sid=aPBbynunc30I&refer=uk

In this article is written, that they will pay the outstanding slaeries. But the German Press writes they will only pay a part, because they are broke.

The only good thing in this whole issue is that now will flood a lot of used business machines the market. So the price for them will go down. Not so bad for many small companies.



I just happened upon this post and its funny because Lehmann is now bankrupt.  This whole investment banking industry is going to hell.

Online Zelhar

  • Honorable Winged Member
  • Gold Star JTF Member
  • *
  • Posts: 10686
I don't think these are particularly sad news. Lehman and the whole industry was bloated with too many glorified bankers with equally bloated paychecks. Don't feel sorry for them Pheasant, they are not going to be hungry or lose their home (they probably have several).