If it wasn’t bad enough that the 2008 class of associates at Lehman Brothers worked a mere six weeks before the financial services firm collapsed, a year later, many of those same employees may be on the hook for repaying their $40,000 signing bonuses.
According to a report on a British financial employment Web site, a number of 2008 associates received letters demanding the former employees pay back their signing bonuses.
PriceWaterhouseCoopers, who is administering Lehman’s UK estate, sent the letters, not just asking for repayment of the bonuses, but also accrued interest and an increment for the depreciation of the British pound.
Tuesday, November 24, 2009
Got a Lehman signing bonus? Probably not for long
The Housing Wire reports: