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Six European Lehman Brothers bankers claim £70m in lost pay and bonuses

October 12, 2009

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The greed continues. What about the people of little means who were fired a week before Lehman went under and immediately lost pensions and health care benefits?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 12, 2009 -- To read the full story connect to:

lehman.blogspot.com

Thousands of Lehman staff lost their jobs when the bank collapsed in the world's largest bankruptcy,

lehman.blogspot.com

Six European bankers at Lehman Brothers are claiming £70m for lost pay and bonuses from the administrators of the collapsed bank.

lehman.blogspot.com

The claims are contained in filings related to Lehman Brothers Holdings Chapter 11 administration in the US.

9The murder of Lehman Brothers book available at Amazon: http://www.amazon.com/Murder-Lehman-Brothers-Insiders-Meltdown/dp/188328371X/ref=sr_1_1?ie=UTF8&s=books&qid=1255378247&sr=8-1)

lehman.blogspot.com

The document shows that Italian banker Riccardo Banchetti, the former joint chief executive of Lehman in Europe and the Middle East, is claiming $26,040,000 (£16.4m), despite having held the job for only a few weeks before Lehman went into bankruptcy last year. Mr Banchetti, who did not move to Nomura following Lehman's collapse, is claiming for bonus awards and stock options going back five years.

rest of story at: lehmanbook.blogspot.com

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