From Nikkei Asia · · 30s
Lehman Brothers Collapse
Stephen Schwarzman recalls internal strife that led to Lehman Brothers' collapse.
In brief
Stephen Schwarzman recalls internal strife that led to Lehman Brothers' collapse. Stephen Schwarzman describes how internal conflict within Lehman Brothers caused its downfall. Originally reported by Nikkei Asia.
Lehman Brothers internal conflict
Lehman Brothers faced internal strife driven by power, resentment and personal ambition.
Stephen Schwarzman's perspective
Stephen Schwarzman explains how the commercial paper business spiraled out of control and killed Lehman Brothers.
Consequence of collapse
Lehman Brothers' collapse marked a major financial crisis in 2008.
The key point
Stephen Schwarzman describes how internal conflict within Lehman Brothers caused its downfall.
