For the last few days, one name is making waves for the wrong reasons in business circles- Lehman Brothers , which was compelled to declare bankruptcy. A development that no one would have foreseen a few months ago.. The impact of the bad news in Lehman has impacted people in different parts of the globe in many ways. In Mumbai, India employees of the Lehman BPO ( about 1500-1700) have reportedly been asked to look for alternate employment next month. In the US, it appears that Barclays may be interested in buying up some parts of Lehman like the North American investment banking and capital markets business for $250 million in cash.
Arrogance of the Overconfident ?
17 Wednesday Sep 2008
Posted in A Step A Day
People at Work & Play 