Lehman Bros. Pondering Privatization

Its stock in downward spiral, ailing firm looks to stave off scavengers
By Sam Biddle,  Newser Staff
Posted Jul 15, 2008 10:58 AM CDT
CEO Richard Fuld is examining ways to take Lehman Bros. private, the New York Post reports.   (AP Photo)
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(Newser) – Lehman Brothers’ CEO is considering ways for the company to privatize itself, the New York Post reports. The financial-services firm has seen its share price fall 79% this year—including 15% yesterday—and Richard Fuld is hoping to ward off bargain-hunters. "The idea is why sell to someone else at so cheap a price when they could buy themselves," a source said.