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An age of turbulence

Published: April 15 2009 22:53 | Last updated: April 15 2009 22:53

Packed up: Lehman Brothers survived war and depression before falling victim to the current crisisReuters

Most business executives these days would agree that companies operate in an era of exceptional turbulence. Lehman Brothers, they might point out, weathered the US civil war, several recessions, four financial panics, two world wars, depressions, oil shocks, and the terror attacks of 9/11, yet could not survive the current financial crisis.

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