March 19, 2010

How Did Lehman Get Away with It?

Jennifer Hughes, Financial Times

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By Jennifer Hughes

Published: March 19 2010 02:00 | Last updated: March 19 2010 02:00

Lehman's terms: Dick Fuld, chief executive until its demise, disavows any recollection of discussions about "Repo 105' shifts off the books. But a fellow executive told the court examiner he had given his boss a June presentation on the topic

On March 18 2008, Erin Callan, Lehman Brothers' chief financial officer, told a conference call that the bank was "trying to give the group a great amount of transparency on the balance sheet" by providing more details. The analysts on the line even thanked her for it.

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TAGGED: Lehman Brothers, Jennifer Hughes

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