Abstract
This chapter analyzes the case study of Lehman Brothers, highlighting the internal and environmental determinants of reputational crisis. In particular, the chapter focuses on corporate social responsibility, corporate governance, remuneration policies, stakeholder engagement, quantitative indicators of the bank’s financial statements, dynamics of the share price and deepens the impact of administrative or judicial inquiries and the dissemination of negative news through the media on the credit ratings and reputation of Lehman Brothers.
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Notes
- 1.
This index, created in 2001 by the FTSE Group, was designed and managed by the Ethical Investment Research Services (EIRIS) to measure the performance of companies that meet the standards of globally recognized corporate responsibility, such as the transparency and the applicability of sustainability criteria.
- 2.
It is an award presented by the Chinese government and the Guangming Daily, a leading publication of news distributed in China.
- 3.
- 4.
It is calculated by the ratio of interest expenses and the average of the last 2 years of the total liabilities.
- 5.
In current assets, we consider cash and cash equivalents and securities purchased with resale agreements, while in current liabilities, we consider securities sold under repurchase agreements, short-term loans, including the current portion of long-term pre-loans and installments due immediately.
References
Lehman Brothers (2004) Code of ethics
Lehman Brothers (2007a) Global philanthropy
Lehman Brothers (2007b) Corporate governance guidelines
Lehman Brothers (2008) Compensation and Benefits Committee of the Board of Directors
Mps (2013) Half-yearly financial report
Pacelli V (2014) Consulenza finanziaria e ottimizzazione di portafoglio. Bancaria editrice, Rome
Stevens B, Buechler S (2013) An analysis of the Lehman Brothers code of ethics and the role it played in the firm. J Leadership Account Ethic 10(1):43–57
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Pacelli, V. (2016). The Case Study of Lehman Brothers. In: Dell’Atti, S., Trotta, A. (eds) Managing Reputation in The Banking Industry. Springer, Cham. https://doi.org/10.1007/978-3-319-28256-5_5
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DOI: https://doi.org/10.1007/978-3-319-28256-5_5
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