The London Evening Standard had an interesting quote from former Lehman International CEO Jeremy Isaacs Tuesday, who was speaking about what happened to his old firm (he left before Lehman filed for bankruptcy).
Isaacs said: 'For a firm that started in 1850 to disappear is a vey sad thing. It was a big mistake to let it go.
'I feel a deep sadness about Lehman. I was very proud of what we achieved there. For me, it was a remarkable experience. I look back with a great deal of affection for most of my time there, and substantial sadness for the period at the end.
'Barclays has really done a fantastic job and bought a wonderful franchise. Nomura too took advantage of circumstances that were pretty unique and has been able to transform itself. I'm delighted so many of my colleagues ended up finding homes at Barclays and Nomura and seem to be thriving. Most have fallen on their feet and are doing very well'.
In the meantime, Fins.com reports that it all on the up at Jefferies. The firm has just announced strong fiscal first-quarter earnings, which came in ahead of analyst expectations. Quarterly revenues were the highest in the firm's almost 50-year history.
Hiring, however, is likely to take place at a more pedestrian pace going forward into 2011, as CEO Richard Handler said on a conference call Tuesday: 'At this point we're making selected additional hires, as opposed to the wholescale hires we have historically'.