Jeffries boss Richard Handler shares email sent to Lehman Brothers' CEO on the day it collapsed—and the lessons it taught him [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
sent to the bank's former CEO, Richard "Dick" Fuld, on the day the firm filed for the largest bankruptcy in U.S. history. In a series of Instagram posts over the weekend, Handler revealed the exchange with Fuld, which occurred just before Lehman's fall sent the global economy into a tailspin. "I met you very briefly once, and although it is of absolutely no help to you right now, I want you to know that I have always been in awe of the company you built,” Handler wrote to Fuld three days before the collapse. He added that he had "modeled much of Jefferies" on the financial giant. On September 15, 2008, when Lehman Brothers filed for bankruptcy with more than $600 billion in debt, Handler sent a final email to Fuld: “I am so very sorry for you and the special company that you built.” Fuld responded two weeks later, thanking Handler for his "note of support" and "for thinking of me (and) the firm." Lessons from Lehman's Collapse Lehman Brothers, the 158-year-old bank that ha
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JEF
Earnings
- 6/26/24 - Miss
JEF
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 424B2
- 9/17/24 - Form 424B2
- JEF's page on the SEC website