la la la la

[lonestarnot]

http://biz.yahoo.com/ap/080612/lehman_brothers.html

Lehman Brothers removes finance, operating chiefs
Thursday June 12, 12:15 pm ET
By Joe Bel Bruno, AP Business Writer
Lehman Brothers shakes up top management as firm takes nearly $3 billion quarterly loss


NEW YORK (AP) -- Lehman Brothers Holdings Inc. shook up its management Thursday, removing two top executives in a concession that attempts to quell Wall Street anger over recent losses have failed.
The nation's fourth-largest investment bank said Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory have been removed from their positions, days after the investment bank announced a $3 billion quarterly loss.


Investors were shaken after the company disclosed Monday it needed $6 billion of fresh capital to offset that loss, its first since going public in 1994.

[TreasonousBastard]

1. Back when it was the partners' money at stake...

things might have been run a bit more conservatively.