CEO of Lehman Brothers Declares ‘The Bros Always Win’ Before Investment Bank Goes Bankrupt
The e-mails have been made public online from when Lehman Brothers — one of the most powerful investment banks in the world — declared bankruptcy in 2008 at the height of the subprime mortgage crisis. If you're curious about how much money the Top 50 employees were making there before the bubble burst, check out this document at the L.A. Times. In the meantime, Bess Levin over at Dealbreaker dugg up this interesting tale from September 2007, a year before the bank filed for Chapter 11 on September 15, 2008. Lehman's chairman and CEO, Richard S. Fuld, Jr., was quoted in an e-mail on strategic partners that “The Bros always win.” Of course he's talking about the bank, but still…. we'll facepalm to that. Dick, hubris is a bitch.