Lehman CEO feels heat over deal
China Daily | Updated: 2008-09-11 07:54
Lehman Brothers Holdings Inc's Richard Fuld, the longest-serving chief executive on Wall Street, is under increasing pressure to seal an agreement for a capital infusion and unload hard-to-sell mortgage investments after the company's stock suffered a record decline on Tuesday.
Lehman, the fourth-largest US securities firm, issued a statement late on Tuesday, saying it will report third-quarter financial results yesterday at about 7:30 am in New York, a week earlier than planned.
The investment bank also promised to disclose "key strategic initiatives".
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