Items tagged with Lehman Brothers

Back in 2008, Lehman Brothers -- once the fourth-largest investment bank in the United States -- tanked in September of 2008 as part of the subprime lending crisis. Its collapse kicked off the Dow's worst performance in a decade and the data that emerged in the aftermath made it clear that LB was over-leveraged and hugely arrogant. Its CEO dismissed talk of reducing yearly bonuses as "embarrassing" days before the entire company collapsed. For the past few years, Lehman has been in bankruptcy proceedings. It's emerged from under this rock to file a suit against Intel in an apparent bid to recover assets it claims Santa Clara improperly claimed. The deal between the two companies, signed in the... Read more...