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The Lehman Brothers Ethos Fades at Barclays

For many people, Lehman Brothers Holdings Inc. died in the early hours of Monday, Sept. 15, 2008, when the Wall Street firm filed for bankruptcy.

Others date its demise to the day after, when Barclays bought Lehman’s U.S. operations.

With the flick of a switch, the giant screens on the firm’s Times Square headquarters went from Lehman’s white and green to Barclays’s blue. To the victors, the spoils and the pixels.

Yet, parts of Lehman’s tough-as-nails culture managed to survive inside Barclays, largely because many of its key people stayed on.

via The Lehman Brothers Ethos Fades at Barclays – MoneyBeat – WSJ.

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