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Text size [+][-]  Friday March 12 2010GLOBAL EDITION

Considered view
13 Jun 2008 18:06

Lehman top man

Context News

Lehman Brothers on Thursday removed president and COO Joe Gregory and CFO Erin Callan from their posts. Both are likely to remain at the firm.

Bart McDade, currently head of equities, will take over as president and COO . Callan is being replaced by co-chief administrative officer and former treasurer Ian Lowitt.



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On Wall Street that is almost heretical. Fuld has led the firm to great success since its 1994 spin-off from Amex. But confidence in its ability to remain a viable, independent concern is shrinking. Thursday's executive shuffle highlighted the apparent lack of a succession plan.

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More stories by:  Rob Cox






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