Lehman Brothers

No doubt Bryan Marsal will have some rather large shoes to fill, and big stinky mess to clean up, as he steps in to replaceRichard Fuld as Chief Bullshit, er, I mean “Executive” Officer of the failing Lehman Brothers. Lehman’s lawyer announced the restructuring plan on Thursday. Marsal, who is currently the Chief Restructuring Officer of Alvarez & Marsal (ever hear the expression “too many chiefs, not enough Indians”?) Anyway…the changing of the guards is scheduled to take place on December 31st.

It's official. Richard Fuld (or should I call him Dick), aka the guy who helped flush Lehman Brothers down the toilet, is resigning as CEO. He will be gone by the end of the year. I don't know how anyone could possibly be surprised by this, or how it took him so long to finally give in. But the good news is, he'll be walking away with no severance or bonus. Finally, he makes a good decision.

Looks like his bull$#@% tactics are finally catching up with him. Several top executives of the failed Lehman Brothers Holdings have officially been subpoenaedto testify before three grand juries. Obviously they’re investigating the recent collapse of the investment bank, and word is out that Dick Fuld is most likely on the list. Accusations are that he, among others, made false statements that the firm was in better shape than we now know it was. If this goes all the way and Fuld ends up going to prison, it won’t be his nose he’ll have to protect…..

I'm hearing a lot of positive and negative things about the status of Lehman Brothers' offers at the moment. Some people are saying that things are looking up and that they are likely to be honored by Barclays while others are saying that it's time to start recruitment again. I worked in capital markets this past summer - does anybody know where Lehman (or now Barclays) offers stand at the moment?

Thanks!

a compilation of his comedic insults..

To Bear

"We also spoke to Sarah, a young girl living in NoLiTa who was duped into going home with a guy who used one of these ploys. “You know, I was hunting in the cabinet under his sink like I always do the morning after I go home with a guy,” she told us, somehow convinced that the morning after was better than never.

“And get this—stuffed away in a corner, he had an economy sized box of Valtrex and” Choked up, but waving at us to signal that the worst was yet to come, Sarah finally was able to force out the clincher: “an old Bear Sterns T-Shirt.” She exhaled loudly, the vile words expunged from her system. Now exhibiting slight fever and swollen glands, she remarked: “I’m not sure which disgusted me more.”

“…I guess I should have known when he asked me to pay for my own taco at La Esquina.”"

To Goldman

did I miss anything?