Lehman Brothers Reviews

Updated March 20, 2015
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18 Reviews
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Lehman Brothers CEO Richard Fuld Jr.
Richard Fuld Jr.
3 Ratings

18 Employee Reviews

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  1. Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    nice bonus..great people to bad it went under

    Cons

    top heavy management style hard to overcome

    Advice to Management

    thin out the crowd

  2. Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Lehman Brothers

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good Compensation
    Worked with many smart people
    Ability to grow within the firm
    Ability to be promoted
    Great training program

    Cons

    extremely long hours
    often felt like a cog within a wheel
    lots of travel
    often senior employees were to busy to provide advice

  3. It is no longer around

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Was a good place to work while it lasted

    Cons

    Obviously risk control wasnt a strong suit

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  5. Company is downsizing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Not much. Firm is closing down as soon as they can.

    Cons

    Low morale. Even if you want to do something good some old-minded folks will shut you down.

    Advice to Management

    Instill some culture, enable ideas even if you are closing the company.

  6. Helpful (1)

    Horrible management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Servicing in Lake Forest, CA
    Former Employee - Loan Servicing in Lake Forest, CA

    I worked at Lehman Brothers full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The pay was decent for the position.

    Cons

    Incompetent managers, some of which were dishonest and downright shady.

    Advice to Management

    It's too late to give advice to management. They will go out in a matter of a few years.

  7. Very Hierarchical structure, CEO & COO weren't honest with employees

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lehman Brothers

    Pros

    An environment where you could learn a lot

    Cons

    Political environment made it difficult for people to be honest

  8. Unchallenging and mildly pleasant place to work.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology in New York, NY
    Former Employee - Technology in New York, NY

    I worked at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Lots of food around the office. Fast elevators to whisk you in and out. Some great people around to work with.

    Cons

    Aside from working at the flashpoint of the subprime financial meltdown, it's the incredibly political, aggressive environment. It's the kind of job you don't really need to think about.

    Advice to Management

    Give something back.

  9. Helpful (1)

    glad i got of there

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer in New York, NY
    Former Employee - Summer in New York, NY

    I worked at Lehman Brothers

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    looked great on resume. i learned a lot about financial marketing, industry players, and key executive people. nice location to work, and the mentorship programs was nice too.

    Cons

    well, it tanked. it could not be that great of a company if it had to close. some upper management were cocky. other times, it felt like the old boy network. if you are a woman, you have to work extra hard to prove your worth

    Advice to Management

    well, you guys dont exist any more. so my advice is to find another job and dont mess up the next organization.

  10. Lehman Brothers, Bankruptcy and one summer.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Intern in Littleton, CO
    Former Employee - Summer Intern in Littleton, CO

    I worked at Lehman Brothers

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Lehman pays well and has excellent benefits. They also provide all employees with investment research for free. The firm had a history and track record of doing the right things. Lehman did provide training for the job. Upper level managers are generally well trained.

    Cons

    They are bankrupt and my paycheck was late and effected by the bankruptcy. My direct supervisor was a pretty poor. His boss was great. I do think my internship coincided with a bad time for the company and a bad time personally for my direct supervisor. Unfortunately in the summer of 2008 management had bigger fish to fry than a poor line supervisor at ALS.

    Advice to Management

    Senior management needs to be more candid and straightforward with employees.

  11. Helpful (2)

    Greedy Top Executives Wildly Overpaid, Everyone Else Gets Screwed

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Administrative Assistant in New York, NY
    Former Employee - Senior Administrative Assistant in New York, NY

    I worked at Lehman Brothers

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Flexible work schedules.
    Met some really great people.

    Cons

    Cheap in paying people. We would get e-mails and see postings around the firm every day saying how great we were and that we're #1 in all types of rankings, but it never translated into pay for the average worker. And now in hindsight, upper management was completely incompetent and way overpaid. Greed won out over prudent risk management, but it's the average worker that got hurt the most. Upper management misrepresented the firm and lied to us as they paid themselves first. Then the Bankruptcy - it was bad enough getting laid off, but now they aren't honoring the severance packages.

    Advice to Management

    Take a huge salary cut - you don't deserve it for what you did to an otherwise good firm and how you ruined so many lives with the bankruptcy, loss of severance, loss of stocks, loss of 401k. There's no way for you to justify your compensation. Especially Dick Fuld - $71.9 million total comp in 07? How does he sleep at night?

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