Showing posts with label CITYFILE. Show all posts
Showing posts with label CITYFILE. Show all posts

8.20.2009

WHILE AMERICANS ARE LOSING THEIR HOMES AND JOBS ANOTHER WALL STREET MIRACLE FROM THE OBAMA ADMINISTRATION: 100M USD IN LEGAL FEES FOR LEHMAN!



Stephen Dannhauser, the chairman Weil, Gotshal & Manges, has every reason to be sitting smugly in his office chair in the middle of Midtown. Last week, a judge signed off on the firm's $55 million tab for the work Weil has performed in connection with Lehman Brothers' bankruptcy; this week, the firm submitted another bill for $45.2 million more. Kenneth Feinberg, President Obama's pay czar, has suggested putting some sort of cap on Lehman's legal expenses going forward. Why? Isn't a $15,000 postage bill and $67,000 in business meal expenses perfectly reasonable? Ordering in dinner from Le Cirque every night isn't free, you know. [WSJ]