Friday, June 13, 2008

Lehman Brothers dismissed two directors

Richard Fuld
Two of the top-rated employees of the American Bank Lehman Brothers were sacked from their work. The prime financial director and the manager director should leave their offices.
Lehman Brothers was seriously hurt by the crash of American Mortgage Market and Global Credit Crysis. For the first quarter od this year the company lost 2.8 billions US DOllars and wrote plans for taking of 6 billions US DOllars additional capital.
That is the first lose from 14 years history of the company and signed a strong contrast with the result of the previous year, when in the same period Lehman took more than 1.3 billions profits.
According to the executive director of Lehman Brothers, Richard Fuld, the result is too poor. During this year Lehman should find 4 billions US Dollars, external funds for improving the accounting ballances, valued in red due to poor ectivities and losts linked to the mortgage market.

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