Lessons from Lehman Brothers

Lessons from Lehman Brothers Will We Ever Learn

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Answers 2,3 ,5

"Lessons from Lehman Brothers: Will We Ever Learn?"

Question: What was the culture at Lehman Brothers like? How did this culture contribute to the company's downfall?

Discussion: The unethical culture by the top executives in the Lehman Brothers company was one of the major contributions to the downfall of this organization. According to the legal expert Anton R. Salukis, Lehman Brothers excessively used accounting manipulations. The negligence or the willful blindness of Lehman's CEO, Richard Fuld, promoted the practice of filing misleading financial reports by abusing an accounting device, Repo 105. Through this accounting manipulation, they could remove fifty...