Please don't let this define you
It was a day for goodbyes for employees. News that the parent company was filing for bankruptcy went out around midnight to the firm's approximately 25,000 employees, 10,000 to 12,000 of whom work in New York. All of Lehman's broker dealers, staff was told, will continue to operate.
At 7:30 a.m., many employees were already at their desks. On Lehman's second-floor equities-trading desk, Jerry Donini, head of global equities, rallied the troops. "I am sorry it came down to this," he told the hundreds of people packed onto the trading floor. "But please don't let this define you."
Hundreds of employees showed up with boxes and removed their belongings. "It is just a shame it came down to this," said Lehman stock analyst Roger Freeman. "I guess now it is time to start thinking about my future."
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