The rich stay richer
Funny how the rich take care of themselves. There are rumors that the people most responsible for Lehman’s losses are working on compensating themselves for their own loss:
Talk Of Palace Coup & Strategic Chaos At Top Firm
Finally, The Sunday Times reports that Lehman is trying work out a payout plan for senior executives to compensate them for ‘the huge loss of value in their share options’, due to the dramatic fall in the firm’s share price over the last 12 months. The newspaper quotes an unnamed source, who said: ‘There has been talk at a senior level about finding some form of compensation for the loss of value in the share options’.