Wednesday, July 11, 2007

The spy goes to Wall Street

Every Monday at 8:45 a.m., when the dozen top executives at Lehman Brothers gather in a 31st-floor conference room at their Manhattan headquarters, they hear from the oracle. This is the weekly capital markets meeting, where the investment bankers talk about the state of the world in which they put their billions. CEO Dick Fuld presides, but typically he is not the one kicking off the conversation. That job belongs to a Wall Street newcomer few businesspeople have heard of.

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