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Unusual Meetings for Lehman
Posted on June 17, 2008
CNBC is reporting Lehman's Weekend Meetings Raise Questions.Seniorexecutives at Lehman Brothers, the embattled Wall Street securitiesfirm, have been summoned this weekend for a series of meetings as thefirm prepares to release second-quarter earnings on Monday andspeculation swirls that the firm may be sold to a larger bank, CNBC haslearned.Lehman Chief Executive Dick Fuld has been workingovertime to restore investor confidence in the firm a after someinvestors believed they were misled about the size of the firm's lossesand need for new capital. Because of the eroding investors support, andda...
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