# Lehman Brothers Collapse

> Stephen Schwarzman recalls internal strife that led to Lehman Brothers' collapse.
- Title: Lehman Brothers Collapse · Nikkei Asia | Shortify
- Summary: Stephen Schwarzman recalls internal strife that led to Lehman Brothers' collapse. Stephen Schwarzman describes how internal conflict within Lehman Brothers…
- Keywords: lehmans, stephen schwarzman, lehmans collapse, internal strife, business failure, financial crisis, news, business, world, Lehman, Brothers, Collapse
- Source: Nikkei Asia — https://asia.nikkei.com/spotlight/my-personal-history/internecine-strife-and-a-bad-ending-stephen-schwarzman-11
- Published: 2026-10-10T22:00:12+00:00
- Read time: 1 min
- Topics: lehmans, stephen schwarzman, lehmans collapse, internal strife, business failure, financial crisis, news, business, world
## 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.
## Key takeaway

Stephen Schwarzman describes how internal conflict within Lehman Brothers caused its downfall.