Comments on: Lehman CFO Callan, President Gregory Replaced

By: Anonymous

Anonymous — Fri, 13 Jun 2008 03:42:00 +0000

I apologize for my last comment, it was completely inapropriate. If I could retract it, I would.

I am sorry.

By: Anonymous

Anonymous — Fri, 13 Jun 2008 03:35:00 +0000

OMG, he lied… give him a gazillion and wipe BB’s butt; it’s disgusting to look at.

By: Anonymous

Anonymous — Thu, 12 Jun 2008 23:02:00 +0000

So Charlie Gasparino has called up and apologized I take it. He was playing another silly game today with Blackstone and Lehman. Is he completely dense or does he just lack the self-respect to care that he’s obviously being used as a propaganda tool? He’s a joke.

By: Anonymous

Anonymous — Thu, 12 Jun 2008 21:59:00 +0000

So (according to the market's wisdom) all's well at LEH now then, now that these two are gone?

Lehman's high profile anti-Einhorn PR campaign right before they reported ugly losses and started shaking the trees for $6B very likely didn't start and end at Gregory and Callan.

In an honorable world, the CEO of a flailing company like LEH would step down and leave the firing or retention of the loyal staff to the new one.

By: Anonymous

Anonymous — Thu, 12 Jun 2008 18:58:00 +0000

Etc – If only they were so smart – they probably would not be in this situation.

By: etc

etc — Thu, 12 Jun 2008 18:16:00 +0000

Maybe new management gets vigorish by pushing the stock price artifically low due to excessive write-downs or whatever, so they can get stock options with strike prices set at prices way below fundamental value, and then hope the stock price recovers to reflect the fundamentals, so they can get option compensation equal to the excessive losses.

By: Peripheral Visionary

Peripheral Visionary — Thu, 12 Jun 2008 17:37:00 +0000

Unmentioned in all the talk over executive turnover is the impact it will have on executive compensation. At one point the perception among boards was that talent was scarce and the competition for it was fierce; but with high turnover and executives being shown the door, that argument doesn’t really hold water any more. In addition, with internal employees being tapped to fill vacancies, there is not the high-drama external executive search that invariably pulls in the compensation consultants.

Overall, the conditions are in favor of a slowdown in executive compensation increases. If boards continue to approve big raises for the executive suite, investors should put some very hard questions to the directors.