Financial Times FT.com

Crazy scramble to hire architects of a toxic industry

By Tony Jackson

Published: September 28 2008 17:05 | Last updated: September 28 2008 17:05

For a lay public baffled by the self-immolation of the Western banking system, perhaps the most bizarre single instance is the scramble to hire employees of Lehman Brothers. Barclays is shelling out $2.5bn in bonuses to Lehmanites in New York, and Nomura up to $1bn in London.

Yet those are the same people who drove their former employer into bankruptcy. Surely this is bonkers?

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this