Sunday, September 21, 2008
Business as usual to Wall St.
Holy Crap! to you and me. The good people at Lehman Brothers, who very considerately drove the firm into the ground, are in line for $2.5 Billion in bonuses. Given are the standard reasons for doing so.
The $2.5 billion had been accrued as part of the contribution to Lehman’s group profits for the first nine months of the year. Barclays said there is no obligation to pay it out but analysts say the competitive pressure to keep key staffWhich begs the question, Why would you keep the guys that failed?
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