LA Times Drops the Hammer on Lehman Brothers
The Los Angeles Times reporter trio of Walter Hamilton, Andrew Tangel and Stuart Pfeifer discovered that Lehman Brothers awarded nearly $700 million to 50 of its highest-paid employees before their 2008 collapse as detailed in an exclusive article Friday:
The documents, which were among the millions of pages submitted in Lehman’s bankruptcy, show the list of top earners each were pledged $8 million to $51 million in cash, stock and other compensation. How much, if any, of the stock was cashed in before the bankruptcy wiped out its value couldn’t be determined.
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