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My career is screwed, Lehman employee the day after 9/15, pay cheque friday, update 9-17:yes
by SOLARLIFE | September 16, 2008 at 01:00 am | 2024 views | 29 comments | 82 recommendations
25 OOO employees of Lehman bros ask, what happens to my pay cheque, the London office of Lehman Bros with 5000 employees run out of cash.
My career is screwed, pay cheque friday ?
Lehman Bros London, what employees say:
Update Sept-17
Lehman Bros, London staff will get Sept. pay, if they return to work. source: skynews TV
'People were walking around in shock, girls were crying and guys were hugging and people were drinking lager and red wine in the canteen bar' Sphinx Patterson, personal trainer at Lehman Brothers
'I got an email on Sunday telling me to come in early and report to my desk and then everyone got told they were excused for the rest of the day. We are worried we won't get this month's pay cheque on Friday. I have to apply for a visa to stay in the UK now'
Duo Ai, research department'It's unlikely anything is going to happen and everyone is finishing up. It's like a terrible death or like a massive earthquake'
Kirsty McCluskley, trading floor'I just rented a flat with a six-month contract so I will have to find another job in London to finance it'
Edouard d'Archimbaud, first day on trading floor'It is bad news for everyone. My career is screwed. Everyone is upset' Jack Reynolds, graduate trainee
London Lehman office must diclose esposure, London finance district full hit...
The Financial Services Authority in London asked banks in the UK to disclose their exposure to Lehman.
The Lehman offices in the UK were essentially cut adrift and put into administration. There was an immediate ban on trading and staff were told to clear their desks. "It was surprisingly calm - there was a kind of blitz spirit in the sense that we were all in it together," one banker said. "It was made clear that there was no desire to have us hanging around."
Many have been told to return today for a briefing from the administrators. Employees hope to learn, among other things, whether they will receive monthly pay cheques due on September 21. "There's quite a lot of anger that things were allowed to get to this stage," he added.
Lehman bros New York:
Employees not yet sure, fear to ge not paid for 7 month, even if they find new Jobs
September 16, 2008 at 01:00 am by SOLARLIFE, 2024 views, 29 comments
Crowd Power
SOLARLIFE
FRENCH RIVIERA MONACO LONDON, France
andrewgrill
London, United Kingdom
Most RecentMost Recommended Comments (29)
at 02:11 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 05:20 on September 16th, 2008
Dave Keating thanks for Flag " My career is screwed, Lehman Bros London"
at 02:26 on September 16th, 2008
thats the most expected news from lehman, great story.
at 05:22 on September 16th, 2008
Thanks amitjha for Flag "My career is screwed up. Lehman Bros"
at 02:48 on September 16th, 2008
at 05:23 on September 16th, 2008
Emilio, thanks for Flag "My career is screwed up. Lehman Bros"....MELTDOWN
at 02:59 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 05:24 on September 16th, 2008
Thanks Rhonda for Flag
at 05:27 on September 16th, 2008
You are very welcome, SOLARLIFE. Thank you for the coverage.
at 03:26 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 05:28 on September 16th, 2008
Paschen, thanks for Flag "Lehman bros, employees no cheque"
at 04:54 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 05:29 on September 16th, 2008
Thanks rahul fro Flag
at 04:57 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff. Well Geez, they got Casual Friday afternoon off!
at 05:18 on September 16th, 2008
Thanks Barry for Flag "My career is screwed, Lehman ", don't worry Barry's proposal: Casual Friday afternoon off!
at 05:33 on September 16th, 2008
so what did the top execs get away with? and are there charges to be made? and if not, why not?
at 06:16 on September 16th, 2008
Rene thanks for Flag "Lehman employees, no cash", like always lifepractical advice, why no charges made, I agree
at 08:28 on September 16th, 2008
René,
"As recently as March, CEO Richard Fuld was awarded a $22 million bonus for 2007 --"
He'll retire to his yacht and cry crocodile tears, and before you know it he'll show up at the top of another corporation and do the same thing.
I keep trying to tell you all you've been had!
at 07:39 on September 18th, 2008
Not me. I don't have no mortgage or stocks. The SEC is the criminal colluder here. And that CEO, all the top execs, financial deciders, and all the board of directors too, should have all their assets frozen, charges filed against them and then assets confiscated.
- reply
somejerk (not verified)at 06:09 on September 16th, 2008
'It is bad news for everyone. My career is screwed. Everyone is upset' Jack Reynolds, graduate trainee
The whiny 'me' generation complaining that they have to go through difficult times and someones not handing them the pampered life on a platter... I'm sure many would happily trade places with them and live the adversity instead of their own...makes me ill...
at 06:18 on September 16th, 2008
smejerk, your lehman comment, "The whiny 'me' generation complaining that they have to go through difficult times, makes me ill"
at 07:56 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff. When these huge financial institutes fail it is bad news for all of us. If a recession isn't coming, it sure is going to look like one.
at 08:36 on September 16th, 2008
Barbara,
We have been in a recession for almost a year already. What is unfolding in the USA is no recession, but a full-blown depression, and one that could make 1929 look like a Sunday picnic. George Bush and the others that created the mess are lying through the teeth when they talk about it as they are sorely afraid of what might happen to them should the taxpayers wake up and realize what has been done to them.
The difference for the rest of the planet is that Europe and Canada have never allowed the banking and mortgage systems to go out of control the same way as the totally deregulated USA, and many countries such as Russia and most of South America have moved away from the US economic dependency.
This will get bad for everyone, but the epicenter of this meltdown is the USA.
at 08:52 on September 16th, 2008
Source: en.wikipedia.org
at 09:04 on September 16th, 2008
Source: leedberg.com
at 13:03 on September 16th, 2008
Emilio, thanks for Neuman Qoutes, keeping up appearances
at 12:59 on September 16th, 2008
Barbara McPherson thanks for Flag "Lehman employees" , "recession fear",
at 08:37 on September 16th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 12:53 on September 16th, 2008
Thanks for Flag moonwolf "My carreer Lehman" your comment "As recently as March, CEO Richard Fuld was awarded a $22 million bonus for 2007 ", amazing