Lehman Brothers
Summary
Lehman Brothers Holdings Inc. (Pink Sheets: LEHMQ, former NYSE ticker symbol LEH) (pronounced /ˈliːmən/) was a global financial services firm which, until declaring bankruptcy in 2008, participated in business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world.On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its stock, and devaluation of its assets by credit rating agencies.
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The Most Brutal Recent Throwdowns On Financial TV
One of the reasons we love having CNBC and Bloomberg TV on all day are the personalities on the financial news channels.
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Audit notes: Buffett on newspapers, Times-Picayune, SEC lets Lehman go
This is the most hopeful thing I've read about the business of newspapers in a long, long time: I'll quote at length from Warren Buffett's letter to editors and publishers of his newly expanded portfolio of papers: Berkshire buys for keeps. Our only exception to permanent ownership is when a business faces unending losses, a remote prospect for virtually.
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Insight: Who got Facebook IPO shares? Fairness may not come into it
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
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Insight: Who got Facebook shares? Fairness may not come into it
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street.
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Portrait: Walrus
Specs Who Frances Webster, co-founder, managing director; Deacon Webster, co-founder, chief creative officer What Creative boutique agency Where Walrus offices, New York Seven-year-old Walrus, which formed from the ashes of Mad Dogs & Englishmen, has Amazon as its largest client. But it’s also known for stunts like a 2009 app for steakhouse Maloney & Porcelli that generated fake expense receipts so high-rollers could hide their pricey steak lunches after the Lehman Brothers meltdown.
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First Mover: Dominic Proctor
How will you and GroupM global CEO Irwin Gotlieb divide responsibilities? It’s a straightforward division of labor. Irwin will concentrate on the big picture, the strategic future, questions as they relate to data and digital. I will focus on operations, the day-to-day running of the company. This will mean more time in New York because that is still the center of gravity.
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Audit notes: News Corp.'s board, Lehman's hubris, Awards and Slideshows
David Carr takes a look at the News Corporation board of directors, which is as stacked with the CEO's cronies as any board out there—and that's saying something: Like many media companies (including the one I work for), News Corporation has a two-tiered stock setup that gives the family control of the voting shares.
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One Huge Thing Was Missing From Frontline's Documentary On The Financial Crisis Last Night, And Viewers Were Mad
Everyone's buzzing about the first two parts of the Frontline documentary "Money, Power & Wall Street" that aired on PBS last night. The piece looks on the cause and effects of the 2008 financial crisis, including an in-depth look at just what happened at the height of crisis in 2008.
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60 Minutes Revisits Lehman, Valukas, and Repo 105
Remember the Valukas Report? That court-appointed bankruptcy examiner'sinvestigation into the collapse of Lehman Brothers found a number of colorable claims (prosecutable) against Lehman executives, including CEO Dick Fuld. The Repo 105 scam was designed to mislead investors about the state of Lehman's balance sheet, making it look healthier than it really was.
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Ravikiran Rajagopal: Arianna Huffington's Talk at Penn State
I attended a talk by Arianna Huffington, who spoke at Penn State in the Distinguished Speaker Series. Usually these topics do not come with an agenda and I was curious what she would talk about. She talked about 'leadership' but it was a broad sketch including women in leadership, social media, journalism, clever jokes, little bit of personal history, lot of mentions/plugs for Huffington Post and her books (which I didn't find intrusive) and quotes.
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