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Barclays Gives Back Lehman Knickknacks Taken By Mistake
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Bloomberg reports that the items, which will now be sold for the benefit of creditors, include:
1,630 green canvas duffle bags with Lehman ribbon, 353 green compact golf umbrellas, 75 Waterford Marquis Treviso crystal clocks, 682 white Lehman coffee mugs, 130 Swiss Army pens, an English beechwood-lined sterling silver box from 1902, 200 Lehman conference pens, 12 pairs of Links of London cufflinks, 24 Screwpull wine openers inscribed 'LB', 24 Titleist PRO VI golf balls inscribed 'LB', 30 girl Teddy Bears, 18 large, ivory womens' F&G stretch snap shirts and one Tiffany shooting star. (Ed's note - who in their right mind would want to buy this crap ?)
CNBC reports that, such is the backlash over the firm's $165m bonus pot, that AIG's corporate security staff have advised employees to 'avoid wearing any AIG apparel (bags, shirts, umbrellas, etc) with the company insignia', and to 'avoid public conversation involving AIG'.
Reuters reports that $65bn fraudster Bernie Madoff has had his bail request denied. Bernie, 70, is in clink awaiting sentencing (scheduled for June 16th). He had hoped to be free-at-large at least until then. Appeal court judges, however, have ruled that Bernie could try and leg it if set free.
Finally, Bloomberg reports that Morgan Stanley CEO John Mack has agreed to start reimbursing the firm for his personal use of the company aircraft. Mack personal use cost Morgan Stanley $368,675 in 2008.
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