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Lehman Brothers Holdings Inc.
| Headquarters location: 3 World Financial Center New York, NY 10285 |  | Tel. 212-526-7000 Job offers, investor relations: www.lehman.com Email: sbutler@lehman.com Stock:  |
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Lehman Brothers belongs to |
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« ETHICAL » RATING OF LEHMAN_BROTHERS
, group
and subsidiaries
[ ?] |
| Job: 16% of company's jobs cut since 1998 |
| Delinquency: 7 act(s) of financial or trade delinquency |
| Tax haven, secret bank account, shell companies: operates in 9 offshore financial center(s) |
| Sales: more than 18 billion(s) dollars/euros in annual sales |
| Net profit: more than 17 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 3260 times the median income in the United States (32000 US$/year) |
| Influence: 2 act(s) of direct corruption or lobbying |
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World locations & Manufacturing |
Lehman Brothers is managed by |
year name | photo position; compensation source |
| 2006Fuld, Richard S Jr |  Chief Executive Officer; salary: 19.52 million US$; stock-options: 31.94 million US$; |
| 2006Gregory, Joseph |  Chairman; salary: 15.41 million US$; stock-options: 31.97 million US$; |
| 2006Russo, Thomas A |  Vice-president; salary: 9.75 million US$; stock-options: 9.52 million US$; |
| 2005Fuld, Richard S Jr |  Chief Executive Officer; salary: 29.4 million US$; stock-options: 75 million US$; |
| 2003Fuld, Richard S Jr |  Chief Executive Officer; salary: 15.41 million US$; stock-options: 37.54 million US$; |
| 2003Goldfarb, David |  Chief Financial Officer; salary: 6.57 million US$; stock-options: 2.5 million US$; |
| 2003Gregory, Joseph |  Chief Operating Officer; salary: 11.22 million US$; stock-options: 25.57 million US$; |
| 2003Jack, Bradley |  Chief Operating Officer; salary: 11.21 million US$; stock-options: 23.75 million US$; |
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year | employees <> | social impact : country source |
| 2007 | 28556 | |  |
| 2007 | -2450 | Internal restructuring: Lehman Brothers Holdings Inc said Sept. 6 it will fire another 850 workers, or about 3 percent of its work force. The cuts come after the investment bank said it was cutting 1,600 jobs.: United States of America | Reuters  |
| 2007 | -2050 | Internal restructuring: Lehman Brothers is cutting 850 jobs in its mortgage loans division. The American bank plans the closure of its mortgage loans office in Korea and will restructures these activities in the United Kingdom and on its domestic market. The plan will cost 20 million dollars. At the end of August, the bank had already announced that it was closing its BNC Mortgage subsidiary, with 1200 layoffs.: United States of America | L'Expansio.  |
| 2002 | 12343 | |  |
| 2001 | 8300 | |  |
| 1999 | 8873 | |  |
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year | financial misdemeanor | sales | income | | buyback | source |
| 2007 |
| | | | 100 | million shares |  |
| 2006 |
| 17.58 | 4 | |   | billion US$ |  |
| 2006 |
Lehman Brothers agreed to pay a $1.5 million fine to settle charges of widespread abuses in the auction rate market for municipal and corporate bonds. Between January 2003 and June 2004, the firms were involved in improper placement and manipulation of orders and also provided some customers with information giving them an advantage over others in determining what rate to bid. |
| | | |   | | Reuters  |
| 2005 |
| 14.63 | 3.3 | |   | billion US$ |  |
| 2005 |
Accused bu WorldCom shareholders, under bankruptcy protection since 2002, of helping WorldCom to manipulated its accounts. Settled the lawsuit for 62,7 million dollars. |
| | | |   | | Les Echos  |
| 2004 |
| 11.58 | 2.4 | |   | billion US$ |  |
| 2004 |
Va verser 222,5 millions de dollars aux actionnaires d'Enron pour mettre un terme aux poursuites la concernant |
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| 2004 |
Overbilled pension funds investors: global fine of 21,5 million US dollars |
| | | |   | | Reuters  |
| 2003 |
| 17.29 | 1.7 | |   | billion US$ |  |
| 2003 |
Diffusion d'analyses boursières biaisées afin d'emporter de fructueux contrats de montage financier: amende de 1,4 milliards de $US à dix firmes. |
| | | |   | | Reuters  |
| 2002 |
| 16.78 | 0.98 | |   | billion US$ |  |
| 2002 |
Frank D. Gruttadauria, a branch manager and producing broker at Lehman Brothers in Cleveland, was sued by the S.E.C., which accused him of stealing more than $40 million from 50 clients over six years. |
| | | |   | | New York T.  |
| 2002 |
Analyst research compromised by investment-banking relationships: US $ 50 million settlement. |
| | | |   | | CBS Market.  |
| 2001 |
| 22.39 | 1.26 | |   | billion US$ |  |
| 2000 |
| 26.45 | 1.78 | |   | billion US$ |  |
| 1999 |
| 18.99 | 1.13 | |   | billion US$ |  |
| 1998 |
| 19.9 | 0.76 | |   | billion US$ |  |
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The bank blamed the liquidation on "market disruptions that occurred in the second half of the 2007 fiscal year and further deterioration in the 2008 quarter." [+]
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