Some Lehman Brothers employees get back to work
Lehman's U.S. employees, most of whom are in investment banking, trading, research and related jobs, now work for Barclays Capital. All told, Barclays has offered jobs to more than 10,000 domestic Lehman Brothers employees. They should consider themselves lucky. It's no doubt been a rough spell, wondering whether they had a job or not. Not much work got done. As for employees in Asia, Europe and the Middle East, they will have to wait to see how Nomura proceeds. One issue is whether the Lehman Brothers brand will be brought back to life. The AP reports Barclays has a two-year lease to use the Lehman name. The company is considering the issue. One could easily argue that it is tainted beyond use at this point. But that is for Barclays to decide. All in all, it's these sorts of times that lead people look deep inside themselves. They usually find gold.
For more:
- here's the article
- Barclays stamps brand on Lehman already. Article
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