Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Hotler

(11,445 posts)
Fri Sep 7, 2018, 08:06 PM Sep 2018

Lehman's Last Hires Look Back

Four people who started at Lehman Brothers the day it failed reflect on the lessons they’ve learned

September 15, 2008, was one of the darkest days in the history of Wall Street. For four new college graduates, it was also their first day of work at Lehman Brothers Holdings Inc.
Sohil Sheth, Luvleen Sidhu, Justin Gaines and Brian Grossman walked through the doors of Lehman just as the venerable investment bank filed for bankruptcy protection, an event that sent shockwaves around the globe. The aftershocks continue to define many aspects of American life a decade later.
(snip)
I interned at Lehman after my sophomore and junior years at Harvard. I graduated in 2008 and started six weeks of training, and the first day on the job was the bankruptcy. I remember contacting HR and I asked, should I come in? I’ve locked the response in my head because it was so unusual. The response was, ‘please come in, it’s business as usual.’

A good read.

https://www.wsj.com/articles/lehmans-last-hires-look-back-1536321600?emailToken=fe731e418b47147f875192d4a222660dARJkJMbZRFEYJUEqdrhlCRHu7wt88IXvxQfjXfzBymikUNbTDDe4pHxzfIvh9abrjmj3c2+OJMA7uwBicH9CJQ%3D%3D&reflink=article_imessage_share

Latest Discussions»Issue Forums»Economy»Lehman's Last Hires Look ...