KfW execs sacked for ill-fated transfer to Lehman

Kfw Execs Sacked Ill-fated Transfer Lehman - Politics, Business, Civil, History - Posted: 30th Sep, 2008 - 1:16pm

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German News - German news throughout the day from The Local
Post Date: 29th Sep, 2008 - 2:10pm / Post ID: #

KfW execs sacked for ill-fated transfer to Lehman

KfW execs sacked for ill-fated transfer to Lehman
German Tours Local German News In English

Germany's KfW said Monday it had fired two directors who were suspended after the state development bank transferred more than €300 million ($434 million) to Lehman Brothers after it filed for bankruptcy.
Source: The Local - Germany's news in English

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Post Date: 30th Sep, 2008 - 1:16pm / Post ID: #

KfW execs sacked for ill-fated transfer to Lehman
A Friend

Lehman transfer ill-fated sacked execs KfW

I think that they did the right thing firing these two. To make that kind of transfer at that time was not the best decision any one could have made. I doubt that anyone making that kind of transfer at that time would have been able to keep their jobs.


 
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