Results tagged “Lehman Brothers” from Dealbreaker

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Got A Signing Bonus From Lehman Brothers? Yeah We're Gonna Need That Back

Were you a member of an elite group of individuals taken before their time known as the Lehman Brothers associate class of 2008? Were you robbed of the chance to toil under the Gorilla for more than a few weeks...

Lehman Wants Its Money Back

Lehman Brothers may be dead, but its earthly representatives are challenging the well-established legal precedent of "tap tap, no takebacks" in an effort to extract $10 billion from Barclays. It seems the Barclays may have used some fancy contractual footwork...

Bank of America Might've Bought Lehman If Tim Geithner Had Better Job Talking Up Dick

So Hank Paulson held secret meetings with Goldman in a hotel room in Russia and now we also find out, from Andrew Ross Sorkin's new book, that matchmakers Paulson and Geither arranged a midnight meeting between Dick Fuld and Ken...

Help Lehman Brothers Pay Joe Gregory The $230 Million He's Owed

Mark your calendars ladies because on November 1 Lehman Brothers will start hawking the artwork that once graced the walls of Dick Fuld's office, executive dining room, gym and lobby. Barclays had one year from the time it purchased Mr....

Lehman's Radioactive Trade

It's sort of odd that Lehman is "sitting on 500,000 pounds" of yellowcake uranium. Not because it is odd for firms not directly in the business to own an interest in the element. This is quite common actually as uranium...

The Virtues Of Insurance

Typically when Congress can't get the political backing to actually pass a bill to pay for something, they do the next best thing: get the political backing to guarantee something, or insure any losses. At the very least this reduces...

Conspiracy? Probably Not.

Muffie Benson-Perella, moonlighting today as ghostwriter for Fortune Editor at Large Patricia Sellers, wonders in her "Postcards From the Pinnacles of Power" column why Lehman wasn't saved, given its extensive "presidential connections." Dick Paulson, Hank Paulson's brother, great-grandson of Theodore...

Eat What You Kill

Who is surprised that Goldman might buy large chunks of Lehman's former private equity investments? I mean, to support the conspiracy theory you always need the "follow the money" phrase (and a montage that gets you from the early days...

But Other Than That? Fine.

So other than totally cratering and taking with it all its equity holders, Lehman is doing just fine today. The CDS settlement, you know, the one everyone was worried about, turned out to pan out nicely. Or so far it...

No-one Expects A Fallen Master of the Universe to Say Sorry.

But it would be oh-so warm and fuzzy if they did. Why not, indeed. Reuters, do tell: ...academics say an apology -- for all the litigation risk it entails -- can be the basis of revitalized confidence and trust. With...

The Circle Is Completed

Europeans laugh at United States misfortune? (Check). Europeans grimly warn this is no laughing matter? (Check). Europeans discover they have been just as reckless as the United States? (Check). Europeans deny measures as dramatic as the United States took are...

Halloween Comes 10 Days Early This Year

October 21st is the day to watch. Lehman debt having priced at below $0.09 on the dollar, CDS contracts will have to settle now. Vipal Monga over at The Deal hints that a notional amount figure might run as high...

Lehman Auction: Final Results

1:15 pm "Due to the large open interest, the secondary bidding period for the Lehman auction opened a few minutes early, and is to be extended to 1:30pm. Final results will be published at 2pm as expected." Ooooh. Don't tease...

Lehman Aftershocks

It looks like $5 billion of Lehman bonds priced at around $0.0975 in the fire sale auction today. That is somewhat dire for anyone who wrote credit default swaps for Lehman and now has to cover the difference, or $0.9025...

You Are Not A Beautiful or Unique Snowflake

I remember reading an article penned by someone who lost their job when Bear Stearns failed, and it was all about how the firm was special, that the culture was unique and that they felt that they had lost 'family'...

The Main Event

Waxman, having waxed poetic and having sharpened his disemboweling cutlasses, calls a three minute recess, and then calls for His Fuldness. Stay tuned. Fuld after the jump....

Oversight In Action, For Two Days Only, Buy Your Tickets Now!

Friday, October 03, 2008 Corporate Accountability Committee to Hold Hearings on Collapse of Lehman Brothers and AIG Chairman Henry A. Waxman announced that the Oversight Committee will hold two days of hearings to examine the regulatory mistakes and financial excesses...

As Predicted: UK Lehman Employees Totally Screwed

You have to wonder if the 750 Lehman employees just canned would have gotten anything at all but for the UK law that mandates Lehman to pay them GBP 800. As for the rest? ``They've been told they will get...

If We Are Lucky, Timmay! Used Lehman

Sure, your friends told you that the days of 20-something Wall Street riches were over, but you knew you were better than that. Particularly when you diversified out of Investment Banks last year and branched over to hedge funds. Specifically,...

Checking It Twice

Bear Stearns IndyMac Lehman Brothers Washington Mutual Wachovia National City National City Drops 52% as Market Wonders Who's Next [CNBC]...