Financial Times FT.com

Global financial crisis

Lehman issues shares to all its employees

By Ben White in New York

Published: July 3 2008 00:03 | Last updated: July 3 2008 00:03

Lehman Brothers has issued shares to all employees representing about 20 per cent of their equity compensation for the year, a person close to the matter said on Wednesday.

The early partial payment of annual bonuses follows demands from employees who believe the stock, hammered this year during the credit crunch, is likely to rise significantly in value, the person said. It is also meant to boost morale and encourage employees to stay at the investment bank.

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