19 July 2018
Elizabeth Lumley
Elizabeth Lumley

Elizabeth Lumley

Elizabeth Lumley - Girl, Disrupted

165Posts 712,838Views 173Comments


A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Pile it high and sell it very low

21 July 2009  |  2523 views  |  0

Believe me, I went looking for a worthy blog post for today--maybe something on the 'LSE failing to grab the OTC derivatives bull by the exchange-traded horns'--but of course, this little number caught my eye.

Bloomberg posted that Lehman Brothers is setting up a retail shop in order to sell all its surplus logo'ed merchandise as part of its effort to pay off creditors.

That's right, all those freebie Lehman Brothers' umbrellas, tote bags, coffee mugs, baby rattles (yes, baby rattles) will go on sale in a New York shop soon. (By the way, Lehmans is reported to owe as much as $250 billion - the silver plated baby rattles retail for around $14 - they'd better have a lot of them).

The thing that struck me the most about the sale was this revelation: "Lehman negotiated the return of thousands of these logoed knickknacks that were mistakenly transferred to Barclays Plc through the sale of the bankrupt securities firm's brokerage unit."

Lehmans fought to get the nick-nacks back. I guess when you've lost everything, all you can hang onto is your dignity.




TagsRisk & regulation

Comments: (0)

Comment on this story (membership required)

Latest posts from Elizabeth

FinTech does not live in London - It is global

29 June 2016  |  9278 views  |  0 comments | recomends Recommends 0 TagsInnovationBrexit

Invest in dirty fingernails, not manicured hands

20 April 2016  |  3965 views  |  2 comments | recomends Recommends 1 TagsInnovationStart ups

Trust me, it's not a secret

17 February 2016  |  3112 views  |  2 comments | recomends Recommends 1 TagsInnovationStart upsGroupWomen in Technology

Fix the crumbling infrastructure or DIE!

06 January 2016  |  2817 views  |  3 comments | recomends Recommends 1 TagsRetail bankingInnovation

You can believe in unicorns, I’d rather plant seeds

09 November 2015  |  3131 views  |  2 comments | recomends Recommends 1 TagsInnovationStart ups

Elizabeth's profile

job title Global FinTech Commentator
location Crayford
member since 2009
Summary profile See full profile »
Global FinTech commentator. Author of the Girl, Disrupted blog

Elizabeth's expertise

Member since 2007
165 posts173 comments

Who's commenting on Elizabeth's posts