The Lehman Brothers Board Composition

Came across this amazing article . I cannot believe who were board members of Lehman Brothers in 2006-07
http://www.nakedcapitalism.com/2011/09/the-financial-zoo-an-interview-with-satyajit-das-%e2%80%93-part-i.html

Kaufman later joined the board of Lehman Brothers. Nine out of ten members of the Lehman board were retired, four were 75 years or more in age, only two had banking experience, but in a different era. The octogenarian Kaufman sat on the Lehman Risk Committee with a Broadway producer, a former Navy admiral, a former CEO of a Spanish-language TV station and the former chairman of IBM. The Committee only had two meetings in 2006 and 2007. AIG’s board included several heavyweight diplomats and admirals; even though Richard Breeden, former head of the SEC told a reporter, “AIG, as far as I know, didn’t own any aircraft carriers and didn’t have a seat in the United Nations.”

Advertisements