Lehman

6 Oct 2008: I am not proud Lehman lost, but the compensation system worked

6 Oct 2008: I am not proud Lehman lost, but the compensation system worked

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Lehman in equity and debt move | FT

The growing convergence of debt and equity businesses on Wall Street was highlighted on Tuesday as Lehman Brothers named two managers to oversee all its capital-raising activities.

An internal memo said Lehman was changing its reporting structure so that underwriters of bonds, stocks and loans would all report to two new heads of global finance.

What did I say then?

General Arbitrage Relations (4 years 5 weeks ago):

In the market for standard options, if there are no riskless arbitrage opportunities, options mus...

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