The Deal
Saturday, November 21, 
1:10 am

Lehman employees begin job search

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lehmanemployees.gifMany employees at Lehman Brothers Inc. are saddened and in shock by the news that Lehman Brothers Holdings Inc. filed for bankruptcy protection, as evidenced not only by media reports, but also a Facebook page filled with staff photos of people leaving 745 Seventh Ave. for the last time like the one at right.  

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However, Lehman employees aren't just using Facebook as a means to commiserate over the bankruptcy of the nation's fourth-largest investment bank, but they also seem to be using it as a means to help each other find new employment as the page includes a list of 35 other banks.

Meanwhile, headhunters are telling The Deal that calls are way up from Lehman and Merrill Lynch & Co. staff, who are calling for advice and job opportunities. Headhunters also say that boutiques are using the fallout of the chaos to hire, which The Deal already noted last week when Moelis & Co. announced a series of London hirings.

For more discussions that are forming on message boards, social networks and job boards, see the links below:

- Maria Woehr





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