Publications
Publications
- July 2001 (Revised January 2007)
- HBS Case Collection
Lehman Brothers (C): Decline of the Equity Research Department
By: Ashish Nanda and Boris Groysberg
Abstract
This case tracks the rapid decline of Lehman Brothers' equity research department from August 1992, when, beset by declining ranking, low morale, and high turnover, firm management decides to clean house and reinvest in building the department.
Keywords
Organizational Change and Adaptation; Business or Company Management; Leadership; Human Resources; Financial Services Industry
Citation
Nanda, Ashish, and Boris Groysberg. "Lehman Brothers (C): Decline of the Equity Research Department." Harvard Business School Case 902-003, July 2001. (Revised January 2007.)