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Text size [+][-]  Saturday March 20 2010GLOBAL EDITION

Considered view
12 Jun 2008 18:20

Die another day

Context News

Lehman Brothers has 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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The Lehman boss has made fall guys out of second-in-command Joe Gregory and high-profile CFO Erin Callan. But Fuld needs to come out of the shadows and reassert his leadership credentials if Lehman is to overcome fears about its future. Otherwise, there’s no point in him staying.

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