Lehman - the biggest hirer on Wall Street
Lehman Brothers opened the a new chapter of American Economy - chapter 11. Its reputation has shattered but apparently working for the bankrupt firm - Lehman Brothers holding Inc. has becoming hot job in Wall Street. Many of the former laid-off employees came back to work for it, although for a lot less glorious positions. It's massive work to sell off all the remaining assets of this former financial giant. Some were gauranteed a 2-year work contract for the cleanup job. It could be longer. And it might be just enough time to tide over to the recovery of the economy when they can look for a job again.
Former Lehman CEO Richard Fuld was taken off Lehman's payroll since Jan. 1. But the hourly fee of $550-$850 that was charged to Lehman for Alvarez & Marsal's () top executives - wow, I'm glad Lehman doesn't owe me. It is much like probation.
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Comments: View Comments | Monday February 2, 2009
