Lehman Brother Holding Inc. Ethical Research

It is important to establish criteria for ethical behavior for listed companies. Otherwise, it could lead to accounting scandal or bankruptcy. In the past decade, many bankruptcies have occurred due to the unethical behavior of investors and auditors. Lehman Brothers Holding is an example of an accounting scandal. This research paper will analyze this company. Lehman Brothers Holding Inc. is a financial services company and the fourth largest investment bank for Unite Sates. It was established in 1850, providing investment services to customers. He mainly engaged in transaction sales, private banking, investment banking and investment management.

The bloody incident in Wall Street lasted three years, and Lehman Brothers has already left. On September 15, 2008, Lehman Brothers Holdings, the fourth largest investment bank, shocked the world market and weakened the fate of billionaire financial institutions. Lehman Brothers Holdings is a 158 year old bank with a revenue of approximately $ 60 billion in fiscal year ending November 30, 2007 with a record revenue in excess of $ 4 billion. In January 2008, Lehman Brothers' stock price was $ 65.73 per share, trading in mid-50s average. This means that the market price will exceed $ 30 billion.

On Sunday, September 14, Lehman Brothers announced that it would file bankruptcy after the Federal Reserve Bank refused to participate in the creation of financial assistance facilities for Lehman Brothers. The importance of bankruptcy of Lehman Brothers is controversial and some believe that it plays a vital role in the development of subsequent events. Leaders involved with Mr. Ben Bernanke and Mr. Henry Paulson opposed this view on the grounds that they can not rescue the numerous toxic assets of Lehman Brothers. According to a statement submitted by the New York City bankruptcy court after bankruptcy, JP Morgan immediately provided $ 138 billion to the Lehman Broker Dealer "Stock Trading with Lehman Brothers and its Liquidators".