Lehman Brothers approved $100 million executive payout days before declaring bankruptcy.

Lehman Brothers approved $100 million executive payout days before declaring bankruptcy.»

The Times of London reports that just three days before going bankrupt, the board of Wall Street financial giant Lehman Brothers “signed off on more than $100m (£59m) in payouts to five top executives.” In the two years prior to Lehman’s collapse, the same executives “were generously remunerated while overseeing forays into risky commercial real-estate investments that helped to bring the company down.