Monday, 15 September 2008

Lehman Brothers hits the rocks

The latest casualty of the credit crunch is Lehman Brothers who have filed for Chapter 11 Bankrupcy protection. See the report here from the BBC.

I worked for Lehman in the UK for a short period about 4 years ago. If their banking operations was run anything like IT, then there's no surprise they are out of business today.

I joined as a consultant after the entire storage team left for other jobs and within 6 months moved on myself after the outsourcing Sword of Damocles hovered over the team. The storage operation in place was fundamentally flawed, however based on the attention Lehman's will be getting, this may not be the best time for me to expand on those issues in writing. :-)

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