Found via the Corner of Berkshire & Fairfax.
Five years after the fall, Lehman Brothers no longer evokes the intense public anger it did in the weeks after the crash, when Fuld was hauled before Congress and made to answer for the firm’s demise. “If you haven’t discovered your role,” Republican Representative John Mica of Florida told him, “you’re the villain.” Most of the company’s top executives found lucrative jobs elsewhere on Wall Street. Many went to work for Barclays (BCS), which bought much of Lehman’s U.S. banking business out of bankruptcy. Lehman’s president, Bart McDade, and a top trader, Alex Kirk, founded investment firm River Birch Capital. George Walker, who ran Neuberger Berman, Lehman’s wealth management division, has continued to do so, thriving since the firm became independent. “I certainly don’t think there’s any Lehman hangover on the individuals themselves,” says Robert Wolf, the former chairman and CEO of UBS Americas (UBS).