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Greed and Glory on Wall Street: The Fall of the House of Lehman by Ken Auletta

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Just days after the merger a woman entered Roger Altman’s office carrying a variety of colored stickers. Scanning the assortment of paintings, furniture and pictures in the neatly appointed office Altman shared with François de Saint Phalle, the woman interrupted his conversation to ask: “Could you tell me which paintings and furniture belong to you personally and which belong to Lehman?” Startled, Altman showed her his personal belongings. The woman quickly affixed yellow stickers to each piece of corporate property and then hurried off to the next office.

Color-coded stickers were but one of many changes introduced by Wall Street’s newest supermarket. Within weeks memoranda addressed “To: All Employees” and sent “From: Communications” were ...

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