Lehman Brothers for sale as stock tumbles
Lehman Brothers, the nation’s fourth-largest securities firm, is struggling to stay alive after investors rejected its survival plans. The company’s stock plummeted a further 40% after losing half their value earlier in the week. Lehman executives are trying to find a buyer or investor to save the bank. Ben White, a reporter for the New York Times, discusses the issue with The Takeaway.
Guest: Ben White, reporter for The New York Times
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!