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The Agency Problem of Lehman Brothers’ Board of Directors Lehman Brothers’ 27,000 employees and directors had a small piece of the company, but Lehman collapsed It is questionable that retaining a very small piece of shares will trump a director’s strong interest in job security and the reputational benefits from serving on the board
Greed and Glory on Wall Street - amazon. com In this meticulously researched volume, Ken Auletta details the turmoil, infighting, and power struggles that brought about Peterson's departure and the eventual sale of one of Wall Street's oldest and most prestigious firms
Lehman Brothers: Peeking Under the Board Facade The directors at Lehman were not overly “busy” in terms of outside board affiliations They were compensated with a mix of pay that included a healthy portion of equity (restricted stock units and options)
Where Was Lehmans Board? - WSJ Meet the Lehman Brothers Holdings Inc external board directors, a group of 10 people who, perhaps unknowingly, carried the health of the world's financial system on their shoulders the