For getting it so, so wrong.
Andy you see was, until recently, an employee of Lehman Brothers who worked in equity derivative finance. Andy received official word about Lehman Brothers' effective demise and his own redundancy yesterday and who did he feel sorry for? The MANAGING DIRECTORS! Why? Because 50% of their bonus was paid in stock in the company that is now worthless. Unbelievable. I'm finding it difficult to comprehend how you can feel sorry for people who have trousered millions from running a company who have filed for the largest bankruptcy in history. I guess that shows how Andy is a better person than me. Or delusional.
All here.
Tuesday, 16 September 2008
Andy Bevan I salute you.
Labels:
Andy Bevan,
collapse,
finance,
financial madness,
Lehman Brothers,
London,
the city
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