Lehman Executives to get $2.5 billion in bonuses

link to Times On line Article

September 21, 2008

Fury at $2.5bn Lehman bonus

Nomura and Barclays table bids today for US giant’s London operation as bank’s administrator likens collapse to Enron

John Waples and Danny Fortson

STAFF at Lehman’s New York office who helped to cause the world’s biggest corporate bankruptcy are to share in a $2.5 billion bonanza.

The bonus, which has been described by London staff as a “scandal” has been pledged by Barclays Capital, the British-based bank that last week acquired Lehman’s American operation and took on 10,000 staff.

The $2.5 billion (£1.4 billion) pot, which has been ring-fenced as