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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Lehman and Its Executives

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From the Associated Press via Yahoo! News: "Congress opens hearings on financial meltdown," by Julie Hirschfeld--

Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.

As well, executives who feared for their bonuses in the company's last months were told not to worry, according to documents cited at a congressional hearing. One executive said he was embarrassed when employees suggested that Lehman executives forgo bonuses, and cracked: "I'm not sure what's in the water."

--Posted by Edwardsville Illinois personal injury lawyers and the Alton Illinois truck accident attorneys of Schaeffer & Lamere, P.C., handling Illinois car accident, Illinois personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on October 06, 2008 (boomark / email).

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