Oct
13
Questions really need to be raised about long term deferred pay structure with reports that ex-Lehman bankers are claiming over $US100 million in lost deferred compensation from the administrators of the collapsed US bank.
These are failed bankers. And to reward them, when investors lost a fortune, is too much. Investors were left high and dry after Lehman Brothers went bust last year, many without even knowing they had cash invested in the US investment bank. These investors, including many pensioners, who put cash in supposedly safe structured investment products sold by financial advisors — supposedly guaranteeing returns and initial capital – which was then invested in the failed bank.
The administrators should give them nothing.
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