Friday, September 12, 2008

Lehman Employees Face $10 Billion in Losses

Employee-ownership is at the core of Lehman's culture, which has never really escaped its roots as a small, sometimes scrappy firm that prides itself on loyalty, according to WSJ.

This is the danger of having most of your wealth tied up in the company where you work. If something goes wrong, you may lose your job and your savings, whereas if your savings are placed away from your job and you lose your job at least you have your assets.

With Lehman's stock trading at $4 a share, its 24,000 employees have now lost an estimated $10 billion or more in paper wealth.

Lehman employees own approximately 25% of Lehman.

-Robert Wenzel

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