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The end of Lehman culture?
TheDeal.com is a bit mystified, as are we, that some investment banking employees of Lehman Brothers are actually unhappy with the news that Barclays will buy their firm. In their view, the cultural fit is not a good one. All I can say is that I'm impressed with the cultic level of loyalty some Lehman-ites have demonstrated. Some wanted to buy more stock as the ship sank to demonstrate their faith. They really, truly thought the firm would survive the crisis. Of course, there are others selling their office furniture on eBay. Hey, people still have to eat. Mortgages have to be paid. In the end, I'm not sure the Lehman culture was any different than the others. But for what it's worth, here's a parting memo from a Lehman manager posted by the New York Times' DealBook.
For more:
- here's the item from TheDeal.com
Related Article:
Jamie Dimon visits Bear Stearns
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