The Failure of Lehman Brothers

The Failure of Lehman Brothers - A graph showing the median...

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Click to edit Master subtitle style 2/26/10 The Failure of Lehman Brothers Group 2: Eric, Tingyan, Andrew, and Denae
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2/26/10 In the beginning… 1844 – Lehman Brothers Established. 1850’s – Commodities exchange. 1858 – Moved to New York City 1899- Initial IPO.
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2/26/10 Purpose Create commodities market Broker trades between parties Investment security
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2/26/10 DIM/DWM DIM Provided alternate currency Created commodities market DWM Created alternate currency for consumer Brokerage
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2/26/10 Failure. High Pressure Environment High risk investments High debt leveraging Sub-prime mortgage crisis Housing bubble
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2/26/10 In pictures. .
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Unformatted text preview: A graph showing the median and average sales prices of new homes sold in the United States between 1963 and 2008.[34] 2/26/10 Sept. 15, 2008. 2/26/10 In the end… Myriad of civil lawsuits against executives Largest bankruptcy in history. ◦ $691 billion of assets sold for $1.75 billion Awards won at 2008 ALB China Law 2/26/10 Coulda, Shoulda, Woulda. . Sub-prime investment Employee environment ◦ “Lehman Brothers had an extremely competitive internal environment, which ultimately became dysfunctional.” – Steve Schwarzman, Chariman of M&A. High risk investments 2/26/10 Personal lessons. Don’t create high pressure environment Don’t get greedy Observe Economic trends...
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The Failure of Lehman Brothers - A graph showing the median...

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