Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.
More than 100 traders, lawyers and recruiters who worked at Lehman shot the breeze at Connolly's Pub and the Playwright Tavern, both blocks away from the investment bank's old headquarters.
They recalled the best times at Lehman, which had a reputation as a scrappy underdog competing against larger rivals like Goldman Sachs Group Inc and JPMorgan Chase & Co , before filing the biggest-ever US bankruptcy by assets on Sept. 15, 2008.
"Who has a reunion about a bankruptcy?" joked Kevin Genirs, who was senior legal counsel at the bank. "Lehman always had a great group of people who enjoyed working together."
Vanessa Jagenburg, who was one of Lehman's few female managing directors in equities, recalled earning the nickname Vanna when she first joined Lehman in 1989, after "Wheel of Fortune" host Vanna White. She thinks a trader based on the West Coast bestowed the nickname because he thought she looked like the TV star, even though she was not blonde.
"It was the greatest ride of my life," said Jagenburg, who was trading memories with former colleague Ron Gold, who worked in sales.