Lynch, Lehman: Mumbai, Dubai, Shanghai, or Goodbye?

By Elaine RigoliSeptember 16, 2008July 25, 2015

Looking for the next step, Lehman and Merrill Lynch workers are connecting on Facebook’s Lehman profile as well as on MySpace’s Lehman and Merrill Lynch forum.

Here are some other glimpses into what is happening to the world’s financial workers:

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The collapse of Lehman has pitched thousands of investment bankers into the jobs market and recruiters were yesterday scrabbling to contact the best staff.

One headhunter, Laura Caputo of Spire Search Partners, said she and her two colleagues had talked to about 20 departing Lehman-ites. One told her he left Goldman Sachs five years ago, and today he was re-thinking his decision.

This is seriously going to impact compensation this year, across the Street and all over the world asÂ well. The golden years of compensation in the financial services industry are over, and it doesn’t help with the Bear Stearns people still looking forÂ work.

Lehman employees aren’t just using Facebook as a means to commiserate over the bankruptcy of the nation’s fourth-largest investment bank, but they also seem to be using it as a means to help each other find new employment as the page includes a list of 35 other banks.

It’s Mumbai, Dubai, Shanghai, or Goodbye.

Elaine Rigoli

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.

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