Funds With Large Stakes in Lehman

Reader Comments
Back to blog

Are there any lawsuits on behalf of LEH common shareholders?

Rick of GA 10:34AM October 13, 2008

The underlying cause of most of these problems on Wall Street are the overwhelming greed of the fund managers and the rest of the ceos and execs . Their egos craved the huge salaries and bonuses, caution be damned and now they are paying the price, or should I say the average investor will pay the price out of taxpayer bailouts!! Nobody complained when they were making their billions in profits but as soon as things turned sour they came running for government help to avoid tanking. They probably should have been left hung out to dry, even if it caused the rest of the economy to tumble. maybe some lessons would have been learned!

Frank from Ohio of OH 10:43AM September 19, 2008

Well, Fidelity, did you really not see this coming?
Are you going to cut your managers down to zero salary for the last two years for their mismanagement? Maybe make them live like the rest of us will have to do (who trusted you).

Marje C. of PA 8:14PM September 18, 2008

The shareholders need to have some form of legal recourse to go after assets of the managers that took those massive bonuses (theft?) out of the fund assets.

Dave of TX 2:14AM September 18, 2008

The mutual fund operators themselves, Legg Mason, Fidelity and Morgan Stanley Financial Services, did not lose. The losers were the little investors who owned shares in the mutual funds!!

glynn of TX 2:19PM September 15, 2008