From Pine View Farm

Resale Shop 0

Remember when Lehman Bros. bucket shop investment bank went to Barclay’s in a fire sale?

Well, Lehaman has struck a deal with their landlord on Sixth Avenue of the Americas to swap their furniture for a rent reduction.

It’s not their furniture. It’s Barclays’.

Lehman, once the fourth-largest investment bank, asked a bankruptcy judge in New York last week to let it pay Barclays $5.9 million to buy back desks, chairs, tables, cubicles, audio- video equipment and security paraphernalia it currently uses in a building at 1271 Avenue of the Americas in Manhattan.

Maybe Wall Street’s next round of pay for performance bonuses should include a matching set of end tables and a credenza.

Share

Comments are closed.

From Pine View Farm
Privacy Policy

This website does not track you.

It contains no private information. It does not drop persistent cookies, does not collect data other than incoming ip addresses and page views (the internet is a public place), and certainly does not collect and sell your information to others.

Some sites that I link to may try to track you, but that's between you and them, not you and me.

I do collect statistics, but I use a simple stand-alone Wordpress plugin, not third-party services such as Google Analitics over which I have no control.

Finally, this is website is a hobby. It's a hobby in which I am deeply invested, about which I care deeply, and which has enabled me to learn a lot about computers and computing, but it is still ultimately an avocation, not a vocation; it is certainly not a money-making enterprise (unless you click the "Donate" button--go ahead, you can be the first!).

I appreciate your visiting this site, and I desire not to violate your trust.