Posted by Sylvia_FL on 9/16/08 3:10pm
Msg #264385

Barclays to aquire Lehman Assets


http://www.foxbusiness.com/furl/story/markets/industries/finance/report-barclays-looking-lehman-assets/

Reply by jba/fl on 9/16/08 3:59pm
Msg #264393

"However, a Barclays purchase may not sit well with Lehman’s employees, some of whom saw large parts of their wealth vanish this weekend with the bankruptcy filing."

I guess they may wish to file for unemployment instead?

Reply by Glenn Strickler on 9/17/08 1:43am
Msg #264440

They are going to aquire the assets, not the employees ... almost all of them are done ..... This thing has been coming for years .. they had plenty of time to get out before now ...

Reply by jba/fl on 9/17/08 12:31pm
Msg #264479

According to the article they are leaving the employees in place:

"It would keep an unspecified number of Lehman employees from having to leave the firm. The Journal and other media reported that 10,000 would remain if Barclays bought the firm. Before it filed for bankruptcy, Lehman had 26,000 employees.

However, a Barclays purchase may not sit well with Lehman’s employees, some of whom saw large parts of their wealth vanish this weekend with the bankruptcy filing."