Daily Archives: August 20, 2018

Labour condemns ‘sickening’ Lehman Brothers 10th anniversary reunion party

The Labour party has condemned proposals by former Lehman Brothers staff to hold a reunion to mark the 10th anniversary of the firm going bust – a defining moment in the 2008 financial crisis.

John McDonnell, the shadow chancellor, said that people who suffered during the decade of austerity following the crash would be “absolutely disgusted” by the revelation that the get-together was going ahead.

His comment was prompted by a Financial News report saying staff who worked for the investment bank, which employed about 5,000 people in the UK, had received an email inviting them to an event to “celebrate” the anniversary.

Addressed to “Lehman Brothers & Sisters”, the email says: “It’s hard to believe it’s been 10 years since the last of our Lehman days! … One of the best things about Lehman was the people. What better way to celebrate the tenth anniversary than getting everyone from former MDs to former analysts back together again!”

According to Financial News, about 200 former employees are expected to attend the party, which will take place at an undisclosed location in London around the time of the 10th anniversary of Lehman filing for bankruptcy on 15 September 2008. The organisers are said to be aware of how controversial the event will be and are keen to keep the details secret.

Read on.