“They certainly didn’t support it. On the Repo 105 issue, they knew about it; they did not appear to know that the number was so large.”
~ Matthew Lee, the Lehman Brothers whistleblower, in testimony today.
Related Posts
In Other Words, “Our Numbers Are Good and My Old Boss Is a Pig.”
- Caleb Newquist
- August 7, 2010
“We thought it was important for people to appreciate that the announcement today has nothing to do with the operational performance of the company, it is all about Mark’s behavior and judgment.”
~ HP Chief Financial Officer Cathie Lesjak, who is now interim CEO after an abrupt resignation by Mark Hurd amid sexual harassment allegations.
Quote of the Day: Did the Ernst & Young Webcast Mention This? | 03.19.10
- Caleb Newquist
- March 20, 2010
“I believe the manner in which the Firm is reporting these assets is potentially misleading to the public and various governmental agencies.”
~ Matthew Lee, former Lehman Brothers Senior VP in charge of consolidated and unconsolidated balance sheets, in a letter to certain LEH executives. He was fired.
Bring on the Reform, Banks Will Continue Doing Just Fine
- Caleb Newquist
- June 24, 2010
“Despite the reality of impending financial reform, banking and financial services executives are bullish about their business prospects in the current year and 2011, with many investing for long-term growth and specifically focused on traditional services, emerging technologies and M&A as a means to generate growth.”
~ Scott Marcello, deputy leader of KPMG LLP’s Financial Services practice.