1. Uncertain Times for Lehman's U. K. Staff.
- Author
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Mollenkamp, Carrick, Whalen, Jeanne, and Cimilluca, Dana
- Subjects
- *
INVESTMENT banking , *EMPLOYEES , *MERGERS & acquisitions , *LIQUIDATION - Abstract
The article discusses the uncertainty faced by employees of Lehman Brothers Holdings Inc. in London, England. While they will be compensated for the month of September 2008, there is a discrepancy between the operations of the investment bank as Barclays PLC acquired most of Lehman's U.S. business while the European base is undergoing liquidation. However, they will still be informed if they will retain their positions. According to some employees, they did not receive the email from chairman Richard Fuld Jr. that was sent to U.S. employees.
- Published
- 2008