The Fall of Erin Callan, CFO, Lehman Brothers
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Uploaded by spencer11111 on Dec 7, 2008
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Top Comments
All Comments (21)
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Seriously this women said this in April 2008 she would have been on the job about a week, obviously she didnt buy any big stake in the company to take up this position - I would have looked more at the books of the company before taking up such an important position, Chief Financial Officer, then if everything looked ok I then put about 50% of my wealth into the business, just like any board member should do, the books would have showed that a majority of assets were CDSs, which Bear Stearns had
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It wasn't Callan that was in over her head, it was Fuld
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The canary in the coal mine.........
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@hankrearden73 Look at how her eyes blink rapidly. That is a sure give away when someone is lying.
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@JMatthewCharles haha he's about 40 here. But yeah he looks younger than that
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she's just another victim of wall street sexism. those men are all pigs and need a foot up their ass.
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@23GrandMasterK nobody does.
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CNBC is as pathetic as Fox News. They don't know anything that's going on.
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She was little more than a shill for Joe Gregory. She was brought in long after the horse had left the barn and was in way over her head. Gregory wanted someone like that, who didn't know what she was doing and was subservient to him. She was not responsible for the insane borrowing and investing that Lehman was doing.
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Callan wasn't a liar -- she was just in way over her head. She was a tax lawyer with no real expertise in accounting and balance sheet analysis. Lehman's president Gregory was her staunchest advocate, and insisted that she remain CFO even up until the moment when Fuld was forced to pull the trigger on BOTH their tenures.
hankrearden73 2 years ago 10
Callan is a liar with no credibility. She is among the idiots who is responsible for innocent people losing so much money at Lehman. She lied on all the conference calls overstating Lehman's financial results.. Should be in jail with Fuld.
guideliens 2 years ago 5