Inside view of Lehman's collapse

Andrew Gowers, former editor of the Financial Times, took a job as head of communications at Lehman Brothers--and got an up-close view of the shocking collapse. He bares it in The Times. It's not a pretty story; CEO Dick Fuld comes off looking pretty bad.

"Here was a corporate governance structure almost preprogrammed to fail: An overmighty CEO, a top lieutenant eager to please and hungry for risk, an executive team not noted for healthy debate and a power struggle between two key players. Furthermore, the board of directors was packed with nonexecutives of a certain age and woefully lacking in banking expertise," says Gowers. Sounds like he's looking for a book deal.

For more:
- here's the article in The Times

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