Lehman Brothers

New York, United States

A global financial services firm that provided investment banking, financial services for consumers and businesses, and asset management. It notably declared bankruptcy in 2008, which was the largest bankruptcy filing in U.S. history and a significant event leading up to the global financial crisis.

CCI Score

-12.46

0.01% April 18

Latest Event

Lehman Brothers Bankruptcy and Its Economic Fallout

The article discusses Lehman Brothers' collapse in 2008, highlighting its accumulation of high-risk assets, opaque business practices and the ensuing global financial crisis that resulted in widespread economic instability, job losses, and a loss of public trust in financial institutions.

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ENABLER

Lehman Brothers is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

SEP

15

2008

Lehman Brothers Bankruptcy and Its Economic Fallout
-12.46

The article discusses Lehman Brothers' collapse in 2008, highlighting its accumulation of high-risk assets, opaque business practices and the ensuing global financial crisis that resulted in widespread economic instability, job losses, and a loss of public trust in financial institutions.
-70

Business Practices and Ethical Responsibility

April 8

Lehman Brothers engaged in risky and opaque business practices by accumulating complex, high-risk mortgage-backed securities. These actions contributed directly to the financial meltdown, resulting in significant harm to workers, investors, and the broader public trust in financial systems.

The Lehman Brothers Bankruptcy: Unraveling Wall Street’s Foundations and Shaping a New Financial Landscape
-60

Economic and Structural Influence

April 8

The bankruptcy of Lehman Brothers destabilized global financial markets, leading to a liquidity crisis, massive job losses and widespread economic insecurity, thereby amplifying structural vulnerabilities that harmed democratic institutions and worker livelihoods.

The Lehman Brothers Bankruptcy: Unraveling Wall Street’s Foundations and Shaping a New Financial Landscape
SEP

15

2008

Lehman Brothers Bankruptcy and Accounting Deception
-15.21

On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy after employing deceptive accounting practices—most notably the use of Repo 105—to mask its true financial condition. These actions misled investors and regulators and contributed to a massive erosion of public trust in the financial system.
-80

Business Practices and Ethical Responsibility

April 8

The article details Lehman Brothers’ abusive financial practices, specifically the use of Repo 105 to artificially improve its balance sheet and mislead stakeholders. This unethical behavior falls squarely under poor business practices and ethical responsibility, severely damaging public trust and contributing to the broader financial crisis.

Lehman Brothers Bankruptcy - Financial Ethics - Seven Pillars Institute
SEP

15

2008

Corporate Governance Failures at Lehman Brothers
-9.72

The case study details the significant corporate governance failures at Lehman Brothers, including inadequate board oversight, risky compensation practices, and flawed risk management, which collectively contributed to the firm's collapse in 2008 and triggered a global financial crisis.
-60

Business Practices and Ethical Responsibility

April 8

Lehman Brothers exhibited severe shortcomings in business practices and ethical responsibility. The lack of transparency, ineffective board oversight, and misaligned incentive structures fostered a culture of excessive risk-taking that not only jeopardized the firm's stability but also contributed to a broader financial crisis.

Corporate Governance Failures: The Lehman Brothers: Case Study
-40

Economic and Structural Influence

April 8

The collapse of Lehman Brothers had a devastating impact on the global economy, exposing structural economic vulnerabilities and a failure of regulatory frameworks. This event not only disrupted financial markets but also eroded public trust in economic institutions.

Corporate Governance Failures: The Lehman Brothers: Case Study