In remembering the anniversary of Lehman Brother Holdings Inc.'s bankruptcy, we are resurrecting this video. Lazard's deputy chairman Gary Parr and H. Rodgin Cohen, chairman of Sullivan & Cromwell LLP, spoke at The Deal's M&A Outlook 2009 conference in December 2008 about what would have happened if Lehman Brothers had been saved.
"I'm of the opinion that Lehman Brothers' bankruptcy accelerated certain events ... but the big losses were inevitable," Parr states.
See the video below.
- Maria Woehr
