Company: Trillium Software
Published: 08 April 2008
World financial markets are in turmoil. Financial institutions around the globe are struggling to survive the tsunamis of red ticker tape crashing over them. Market giants, such as Bear Stearns and Merrill Lynch, endured orchestrated buy-outs. And the 158-year-old venerable Wall Street icon, Lehman Brothers, failed. Who would ever imagine that Lehman Brothers, a company that endured the Civil War, survived the market crash of 1929 and the subsequent Great Depression, an institution once renowned for its rock-solid business practices and sage investment strategies, a giant of finance… went bankrupt. How could this happen?