Saturday, September 15, 2018

Lehman Brothers collapse - 10 Years on

10 years ago  "The filing for Chapter 11 bankruptcy protection by financial services firm Lehman Brothers on September 15, 2008, remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600,000,000,000 in assets".

The former head of Lehman Brothers, Richard Fuld, (see picture) “earned” $300 million in the previous 8 years.

While The Independent reports "Average real earnings – adjusted to take inflation into account – for employees are 3 per cent below where they were in 2008. 

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