InvestorRelations posts

Feed

Lehman has a solution to its problems: Investor relations

Lehman Bros. (NYSE: LEH), the once-proud investment banking firm that's seen its stock tumble from $74 to under $13 in the past year, has a solution to its problems: bring back the investor relations person who was the company's mouthpiece back when investors didn't know about the huge unchecked risks Lehman was taking.

Shaun Butler had run investors relations for the company since it went public in 1994 before retiring at the beginning of February, according (subscription required) to The Wall Street Journal.

It's not a material change, and there's probably nothing much to be read into it. Lehman is reportedly not in desperate need of more cash (although they also said that about Bear Stearns) and is considering a share buyback to boost its stock price. The company appears to see its problems as more perception related than operational, and obviously believes that bringing back a familiar face and voice will ease investors' nerves.

MarketWatch
has reported that the company is unlikely to be able to find a buyer because most banks have their own issues to deal with. So it looks like Lehman will have to win back the street on its own.

Google annual meeting set for May 11

In the same proxy filing that indicated Google's co-founders and CEO would continue to receive $1 salaries in 2006, the annual shareholder's meeting date was announced: Thursday, May 11, at 2 p.m. PDT.

The meeting will take place at Google's corporate headquarters, 1600 Amphitheatre Parkway, Mountain View, California 94043, and a live webcast of our annual meeting will be broadcast here. We'll be liveblogging the annual meeting right here on Blogging Stocks!

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 10:47 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329061673416 ms.