Lehman laid to Rest.

Lehman laid to rest at the cost of Investors.?

Yes, What a Pity? At last Lehman was laid to rest wrapped in glaring yellow paper bought at the cost of its investors., and to manage and lead this globally huge FI to this state of condition, the management has hired MBA’s and other financial wizards and professionals from Prime Institutes in their respective locations.

I have a number of questions to put forward :-

My question is where the Management principles did and Leadership qualities, the prime criterions to effectively and profitably govern and run Lehman Brothers vanish?

Is it that it has been swallowed by the top brasses and hierarchies of Lehman brothers to ditch their investors?

Or is it let loosing ,bypassing,ignoring,overlooking the basic principles of financial discipline and conduct at all levels in Lehman ?

.There is a good old saying “What cannot be inherited must be inculcated”. The board has miserably failed to inherit good principles of management and qualities of leadership in natural manner with their knowledge, wisdom and discipline. But what were the advisors/consultants and auditors of Lehman doing?

Could they not inculcate these highly effective principles and qualities to the management? Or they were also hand in glove with the unethical conduct, practice and a party to in transparent dealings conducted in opaque manner?

No company/organization ever comes to bankruptcy over night. It’s all accrued and accumulated adverse effects of failingly handling the finance and investment affairs of the company by its management.-Now who is going to be accountable and responsible for the investors to get their investments back?

All said and done nothing can match effective and efficient experience of the stalwarts in the respective industries( they may not be, and indeed need not be from IIMs,Havard, Stanford etc(just to name a few) but they have in them in their upper house much more than what’s being taught in these biz schools, by virtue of their years long rich experience earned through dedication, loyalty and honesty.

After Enron What ? Its Lehman, then DSP Merryl Lynch, then AIG in waiting, and then in waiting, unknown to investors and general public until it bursts and comes out in media..

At least from now on companies and organizations, open your eyes and look out for competent, effective and efficient consultants to manage your company’s affairs before it gets screwed up by your own management team and accounting reporting firms/orgs.- and if this is ignored even Lord Jesus cannot come to your rescue and bale you out- MIND IT.

J.K