For most of us, a decade is more than enough time to look back and have a good laugh at the expense of Lehman Brothers, the little investment bank that could until Hank Paulson decided it couldn’t. For others, like former Chief Legal Officer Thomas Russo, things are still a little raw.

When a black screen at the Park Avenue Armory rose to reveal a stark glass box, a stripped-down version of Lehman’s emptied offices hours before the bankruptcy filing, Mr. Russo let out a gasp: “Oh, my God.”

But don’t think “The Lehman Trilogy” is a total bummer. The death scene is pretty short. And check out this promotional copy, courtesy of The New York Times.

The central story focuses on the original Lehman brothers — three immigrants from Bavaria who came to this “magical music box called America” in the mid-19th century — and their offspring…. The play follows the ferocious and glittering financial locomotive they rode through American capitalism for more than a century and a half before being roughly dumped off. But that momentous collapse serves as the story’s frame, bracketing its start and its finish.

Get your tickets while you can—if you can. And don’t worry, London friends: The Trilogy will be distracting you from Brexit soon enough. Not, at three hours, for as long as it could have been, but then how much can one really take?

The “Trilogy” will head to London’s West End after it finishes its four-week run on Saturday. This production, directed by Sam Mendes, was adapted from the original, which was written in Italian by Stefano Massini and ran five hours.

Partly reflecting the high-altitude ticket prices ($425 for premium seats), New York audiences have included outsize numbers of financiers, as well as Lehman progeny who went to see the replay of a catastrophic downfall.

Lehman Brothers, a Family Saga, as Viewed by Some Who Lived It [NYT]


Some Lehman Brothers Alums Doing Demonstrably Better Than Others

Joe Gregory has been forced to put his Long Island-chic manse on the market. Dick Fuld's been pounding the pavement for months with nothing to show for it.  Bella is still dead. Not a lot to celebrate and yet some people have managed to do pretty okay for themselves despite having spent time at 745 7th Avenue. Erin Callan, as may have heard, is happily married to firefighter Anthony Montella and living in a $3.9 million house in the Hamptons and Evelyn Stevens, who actually worked at another firm before leaving Wall Street but should know that if you so much as set foot in the lobby of the building, you'll be branded a Lehman Brother or Sister for life, just competed in her first Olympics and no longer counts herself among financial services employees who spend their days fantasizing about a life that doesn't so closely resemble hell. The 5-foot-5 (1.7-meter) Stevens said she’s using savings from banking bonuses to “cushion” the blow of lower earnings. She began her career as an investment-banking analyst at Lehman Brothers Inc., leaving in 2007 before the bank collapsed. “I was able to save a lot of my bonuses,” Stevens said. “I don’t have to survive on a $10,000 or $8,000 purse from cycling. If I hadn’t been in investment banking, I wouldn’t have been able to be at the Olympics.” She was 24th in yesterday’s Olympic women’s road race, finishing among a group including teammate Shelley Olds that was 27 seconds behind gold-medal winner Marianne Voss of the Netherlands. There were 66 riders at the start. While there’s a “big discrepancy” from what she once earned, Stevens said her quality of life has improved. After leaving behind a 90-hour working week in banking, she lives in Girona, Spain during the European racing season and Boulder, Colorado. “In New York there’s pressure, and it’s kind of negative, everyone was stressed,” Stevens, dressed in U.S. team tracksuit and lycra three-quarter length pants at the London Olympic Park, said July 27. “I don’t get so much money now but my quality of living has gone up.” Ex-Lehman Banker Parlays Bonuses Into Cycling Berth At Olympics [Bloomberg]