The Wall Street Journal reported that defunct Lehman Brothers Holdings, which collapsed more than six years ago, is still paying out millions of dollars in bonuses to the business’s wind-down team.
The Journal said the investment bank paid approximately $44 million last year to employees, citing a monthly operating report filed with the New York bankruptcy court.
To read the entire Journal article, click here.
Previously on abfjournal: Bloomberg: Lehman Haunts Banks Even After Shares Triple, September 16, 2013