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LEHMAN CASH WOES
NY POST ^
| July 22, 2003
| JENNY ANDERSON
Posted on 07/22/2003 3:28:53 AM PDT by Liz
Edited on 05/26/2004 5:15:11 PM PDT by Jim Robinson.
[history]
Lehman Brothers' carefree use of restricted stock has come back to haunt the Wall Street giant, costing the company virtually all of its 2002 cash flow, a shocking report by a leading Wall Street analyst claims.
In 2002, Lehman Brothers had to use 90 percent of its cash flow to buy back shares so the wads of stock it had doled out to employees wouldn't dilute the stock's value.
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: esop; stockoptions
1
posted on
07/22/2003 3:28:54 AM PDT
by
Liz
To: Liz
I don't know what the problem is with diluted stock, it never seems to bother Uncle Sam when it comes to currency.
2
posted on
07/22/2003 3:32:48 AM PDT
by
agitator
(Ok, mic check...line one...)
To: Liz
That kept it from spending on dividends, acquisitions or reinvestments in the company, said a report by Merrill Lynch securities analyst Guy Moszkowski. Lehman just announced 10 minutes ago that it is buying Neuberger-Berman. NY Post: D'oh!
3
posted on
07/22/2003 5:51:49 AM PDT
by
Texas_Dawg
("...They came to hate their party and this president... They have finished by hating their country.")
To: Texas_Dawg
Interesting. Betcha Lehman's got a couplea lawsuits on its hands and is trying to fend off the settlement lawyers.
4
posted on
07/22/2003 8:13:01 AM PDT
by
Liz
To: agitator
Uncle Sam doesn't have to answer to nobody.
5
posted on
07/22/2003 8:13:43 AM PDT
by
Liz
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