Lehman Brothers
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=An overall view of Lehman Brothers?>
There's always the strong team atmosphere where everyone works for the success of the firm.
Salary $350K, all commission-based, no bonus.
Lehman really is about the "One Firm" culture. All people in all departments are willing to help out. There is great energry and enthusiasm and associates are treated as important people as they are given responsibility early on.
I was eating at the Subway in Westwood at 3am when I saw my friend walk in looking like a zombie. I said hi to him and he barely even noticed me. He was just taking a break from the Lehman office to get the Managers some Subway late night snack. I know the pay and experience is good, but you'll be walking around like a zombie for many nights at this company
Limited hierarchy, positive attitude and culture, merit based. Lehman is has an entrepreneurial feel and mostly everyone is happy to work here. Diversity is also exceptional regarding minorities. There is no other firm I would want to work at, Lehman has the best culture, momentum, and is overall great.
This firm is generally less uptight than other bulge bracket banks in terms of giving more responsibility to junior people. And it generally runs as a meritocracy where people are rewarded for the good work they do.
My work is very project based, when it's busy, it's busy. But it's not like that all the time.
Lehman is definitely on the way up, they are growing because of their great culture and work ethic.
Diversity at Lehman is unmatched. They pay a lot of attention towards minorities and women.
Lehman has a good team culture under its "one firm" mentality where everyone is willing to work hard for the good of the group. Dress isn't too formal.
People like to work hard and play hard at Lehman. There are also ample opportunities to work with senior bankers and you can get real responsibility. It works very much like a meritocracy.
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1:33am on 09/27/2008
Yu-kai
Well...I guess this can be here for sentimental purposes...we shall always remember those three brothers that started a cotton trading business that later became the collapsed ibanking giant.
12:19pm on 09/18/2008
Jake
Well, right now they're more like Waaaaa! Moo....
11:55am on 09/18/2008
Steve
But does JP Morgan have the WooHoo?
11:39am on 09/18/2008
Yu-kai
Now there's talk on JP Morgan trying to buy Washington Mutual. First Bear Sterns, now WaMu. JP is on fire!
8:42pm on 09/17/2008
JJ
Wells Fargo is the bank that is least harmed by all this stuff. Good quality.
5:38pm on 09/17/2008
Stephanie
AIG has $1.1 trillion in assets. That's a lot! If they don't make it, we will have a lot more than our tax money to be concerned about.
4:07pm on 09/17/2008
Dawei
AIG just got bailed by our lovely government. Bye bye, our tax money.
12:57pm on 09/17/2008
Yu-kai
The government spent $85 Billion to save AIG. It will own 79.9% of the company. It says a liquidation will be inevitable, but this money will make it smoother.
11:18am on 09/17/2008
Stephanie
So is AIG next?
10:50am on 09/17/2008
Mike
Well, that would not have happened if they didn't run on 30x leverage. For every $1 they had, they had $30 of debt, pretty much like Bear Stearns
10:49am on 09/17/2008
Peter
They were hurt significantly by the subprime mortgage. They got in a lot of trouble and was talking about getting sold to this Korean state-owned bank. However, the Korean bank backed out, and people lost confidence. With withdrawed capital in the
10:07am on 09/17/2008
JJ
Hmmm...a lot of the pieces of Lehman is bought by Barclays. I have a friend working there. Should ask him what's up with that.
12:32am on 09/17/2008
steve
not sure... Anyone know if it was just bad investments or something else?
8:18pm on 09/16/2008
JJ
Wow, this is ridiculous. How did this happen?
2:28pm on 09/16/2008
Jun
Yea, my big bro works at Lehman and right now is a very tough time for him. I am confident that he will find another job easily, but thinking about it, there are SO many people w/o a job that the competition must be HUGE.
2:05pm on 09/16/2008
Mike
Wow! I actually have a friend who works at Lehman and lost his job.
2:04pm on 09/16/2008
Yu-kai
"The prospects of a private market solution to the deterioration of the American International Group appeared to be faltering on Tuesday, as talks involving the Federal Reserve and several banks turned to the possibility of using government money t
2:03pm on 09/16/2008
Yu-kai
Hmmm...It looks like WaMu and AIG are both in trouble too.
1:47pm on 09/16/2008
jay
i don't know... not one of the bigger ones. not really a surprise to me. I think it'll be interesting to see if any more go under, though.
1:44pm on 09/16/2008
Steve
Hard to believe Lehman failed... I wonder who's next?
