Posted on 07/18/2008 5:27:57 AM PDT by TigerLikesRooster
Demoted Lehman Officer Leaves for Credit Suisse
By JENNY ANDERSON
Erin Callan, whose rise and fall at Lehman Brothers transfixed Wall Street, has resigned to join Credit Suisse.
The move comes a little more than a month after Ms. Callan, 42, was demoted as the chief financial officer of Lehman, which has been rocked by speculation that it might founder. At Credit Suisse, Ms. Callan will run the global hedge fund business.
It is a high-profile hire for Credit Suisse and an unsurprising loss for Lehman Brothers. Ms. Callan, considered one of the most powerful women on Wall Street in her role as chief financial officer, struggled to regain investors’ confidence after Lehman reported a large, unexpected loss for the second quarter.
(Excerpt) Read more at nytimes.com ...
Ping!
Soooo, what you are saying is if I have Credit Suisse stock I need to sell it? :P
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