Detail The Fall of a Wall Street Highflier   Oleh:  Sellers, Patricia Jenis: Article from Bulletin/Magazine Dalam koleksi: Fortune vol. 161 no. 4 (Mar. 2010), page 82. Topik: Wall Street; Erin Callan; Lehman Brothers; CFO Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.42 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel “The fall of a Wall Street highflier,” in the latest issue of Fortune, portrays Erin Callan as a star banker at Lehman Brothers who is catapulted to CFO, finds herself in a maelstrom, and flames out–all the while maintaining a fierce determination to perform for her bosses. Ever since Lehman (BCS) died in September 2008, one key question has been: Was Callan so eager to please CEO Dick Fuld–and make Lehman look healthier than it was–that she breached fiduciary responsibility to shareholders? The answer is yes, according to the U.S. bankruptcy examiner’s report on Lehman’s collapse that was released to the public yesterday. The 2,200-page report is quite critical of Callan–and of Fuld and the two men who held the CFO post before and after she did, Chris O’Meara and Ian Lowitt. But Callan, who was CFO from December 2007 until she was pushed from the job the following June, comes under particular scrutiny for failing to disclose Lehman’s use of an accounting device called Repo 105. The gimmick, which Lehman used for years but employed increasingly in 2007 and 2008, allowed the firm to remove some $50 billion of bad assets from its books temporarily, instead of selling the assets at a loss. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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