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Buh-Bye to Lehman Brothers

September 27, 2008 by WendyB

I drove by my old Lehman Brothers office building this week and saw that the giant screens on the outside of the building now display the logo of Barclays, the buyer of bankrupt Lehman’s core businesses.

Photo from the New York Post

I expected this to happen, yet I was still a little sad. I always enjoyed the flashy display screens on our building. (The building is near Times Square and I was told that all buildings in that area are required to have some kind of bright signage to maintain the Times Square atmosphere.) The screens were so bright that, as you were walking out of the building, it looked like it was still daylight even if it was pitch black out. That always cheered me up on dreary winter days.

Meanwhile, Lehman Chairman and CEO Dick Fuld and his wife, Kathy, are putting some of their art collection up for sale. The missus says this has nothing to do with the fact that Lehman shares, which hit a high of $86.18, are now practically worthless. It’s hard to believe that in 2006, Lehman was “super-hot,” isn’t it?

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Filed Under: Business, In the News

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Reader Interactions

Comments

  1. KD says

    September 27, 2008 at 8:06 am

    Poor, poor Lehman Brothers.

  2. enc says

    September 27, 2008 at 8:13 am

    It is hard to believe. I guess there has to be an end to every era. I’m just glad you got out when you did.

    And I don’t believe for a minute that the Fulds are just coincidentally selling some of that collection. Not for a minute.

  3. Sharon Rose says

    September 27, 2008 at 9:52 am

    Its amazing how everythings going lately-another bank here is on the brink of being nationalised if it doesn’t get bought up. Thank goodness you got out when you did with your shares.

  4. miss susanna says

    September 27, 2008 at 10:12 am

    It’s always sad to see an institution evaporate completely like that. I’m glad you got out while the going was still good.

  5. Skye says

    September 27, 2008 at 1:36 pm

    You did have a very lucky escape there!

  6. KiKi says

    September 27, 2008 at 2:41 pm

    “And I don’t believe for a minute that the Fulds are just coincidentally selling some of that collection. Not for a minute.”

    me too

  7. pretty face says

    September 27, 2008 at 2:52 pm

    Scary..

  8. the iron chic says

    September 27, 2008 at 6:03 pm

    Fuck! That Gorky “preparatory sketch” alone would provide me with a worry-free existence!

  9. Nay'Chelle says

    September 27, 2008 at 6:38 pm

    It’s crazy what’s been happening lately.

  10. Nay'Chelle says

    September 27, 2008 at 6:38 pm

    It’s crazy what’s been happening lately.

  11. (R)evolver74 says

    September 27, 2008 at 10:16 pm

    Um..bring on the British??

  12. coco says

    September 28, 2008 at 2:08 am

    I don’t know a lot about Lehman Brothers, though it has been on the news in the UK. It is all very sad though.

  13. Songy says

    September 28, 2008 at 5:32 am

    As other big players have gone down this week I wonder how worse it’s going to get.

    I was fully expecting the interest rate to go down in Australia only a couple of weeks ago but I have to say bye bye to the interest cut due to what happened in the States.

    We all know it’s all global economy what not but I’m really feeling it this time.

    Weren’t these people at the top got massive bonuses and payouts etc last year? or did I hear it wrong??

  14. Hammie says

    September 28, 2008 at 3:48 pm

    wow Wendy, as I put a hex on 4 of my last employers, I found it hard to feel anything other than schadenfreude at their eventual demise (3) or re-structuring (1)when the office beeyotch lost her control freak job.
    I hope you got out with your shares. And I hope there will not be too much punishment for the little guy in this big mess?
    xx

  15. Practically Perfect In Every Way says

    September 29, 2008 at 7:02 pm

    barclays=boring

  16. Sister Wolf says

    September 30, 2008 at 3:24 am

    My son worked at Lehman Brothers in the Financial Center on 9/11. Is that where you were, too??

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MEET WENDY BRANDES

Award-winning designer of fine jewelry inspired by women's history and pop culture. A former journalist who writes about jewelry, fashion, medieval history, news, feminism, dogs, cats and whatever else is on her mind. Blogging since 2007.
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