Originally Posted by
London Dude
It looks like those LEH employees retained by Barclays following the acquisition of LEH's US operations are getting a pretty good deal:
"The firm's plan to sell its North American business to Barclays Plc may cushion the blow for employees. The U.K. bank is buying divisions that have a total of 10,000 workers and disclosed in a court filing it will pay employees it retains 2008 bonuses equal to those in 2007."
http://www.bloomberg.com/apps/news?p...rEQ&refer=home
Barclays is essentially buying the buildings, computer systems and employees. Not much point in doing the deal if you don't try to retain the staff.