Lehmann Brothers is firing 5000 investment bankers in London on one day

[Ulli]

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.

[jimm1909]

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.

[Zelhar]

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).