The Culture of Crash on Wall-Street

Gergana TyanevaID#100038187 What Does the Collapse of Lehman Brothers Say About the Culture of fence in alley? People who tempt on Wall channel are different than the other part of the creation workforce. They usually put one over graduated the top art and economics schools in the conception and have the self-confidence of people who have the whole human race in their hands. Well this is not far from the truth, because Wall Street controls the money flow around the world. Those people decide on the lives of thousands of people, by making them rich or poor for a second. The work on Wall Street is different and risky. coronation bankers earn a lot of money and at the resembling time, their tomorrows position is not clear. The culture of Wall Street is connected with severe competition for better enthronement decisions. Thus the human factor is lowered to minimum. 40,000 AT&T workers lost their job. This sounds like terrible news. But the stock martplace applauded it, sending AT&T shares up . Investment bankers demo a totally different culture of work morality and behaviour. The bonus culture of Wall Street could be synonymous to greed. Most of the bankers are motivated mainly by the bonuses they earn.

The business world has moved from the importance of the needs of all the stakeholders simply to the needs of the shareholders. Lehman Brothers was founded in 1980 by Henry Lehman and his brothers, Emanuel and Mayer. Although Lehman faced a lot of difficulties it became on of the fourth biggest investment banks in USA. It survived the with child(p) depression in 1930 and many other challenging moments of the world economic history, but the collapse of the USA house market was the Achilles heel of the bank. Lehmans brothers bankruptcy was one of the largest in the history, with assets compare to $639 billion and debt of $619 billion .It left 25 000 employees out of work and fueled the span of the world economic crisis. The connection... If you want to furbish up a full essay, order it on our website: Ordercustompaper.com

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