Friday, June 13, 2008
Here today, gone tomorrow. Lehman's CFO was feted only three months ago as the saviour of the firm. Now she has been deposed as Lehman struggles to raise capital and to remain independent. As turnabouts go, this was faster than usual, but it was by no means unprecedented. She probably could not have kept her head down given the environment of bank meltdowns, but it would have been better, if she could have remained low-keyed.