Why it took $642m in fees to dismantle Lehman
Lehman’s bankruptcy is believed to be the largest in US history. A new regulatory filing revealed that various consulting and legal firms and other lucky advisors that became part of the process which dismantled Lehman Brothers were paid a total of $642 million among them.
The primary beneficiaries of this largess were Alvarez & Marsal LLC which provided a rent-a-CEO and management for which they received $233 million and law firm Weil Gotshal which was paid $150 million...
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