BARCLAYS CAPITAL, which picked up Lehman Brothers’ US staff last week, will include a $2.5 billion pot of gold which will be shared out to folk involved in the crash of the investment bank.
According to the Sunday Times, three big bonuses will be shelled out to ex-Lehman staff Michael Gelband, Erif Felder and Hyung Soon Lee. But others at Lehman will also pick up bonuses, although lesser mortals can expect to be made redundant.
Administrator Price Waterhouse Coopers is trying to claw back £4.4 billion from the US operation to help pay off people in the UK. ♦