The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (8825)	6/12/2008 9:13:37 AM
From: RockyBalboa	Read Replies (1) of 71475

Yes. I thought it happened yesterday. But well. Fuld must also go. Lehman Brothers removes finance, operating chiefs Thursday June 12, 9:06 am ET Lehman Brothers shakes up top management as firm takes nearly $3 billion quarterly loss NEW YORK (AP) -- Lehman Brothers says Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory have been removed from their positions, days after the investment bank announced a $3 billion quarterly loss. The company says the changes are effective immediately. Callan will remain with Lehman in its investment banking division, but it was unclear if Gregory will retain a position. Herbert McDade will succeed Gregory, and Ian Lowitt will take over for Callan. Callan has been CFO last September. She has been under pressure after Lehman was forced to raise $6 billion in new capital. Lehman shares are down about $1 in premarket trading.

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