Coming up on this week’s episode, whatever happened to Lehman Brothers, the financial services giant whose collapse in 2008 triggered a global meltdown.

For me, Lehman Brothers is a super interesting collapse because, while it has all the ingredients of a garden variety corporate collapse – leadership malfeasance, creative accounting, short-selling – it is a collapse that uniquely transformed how we view and respond, to threat.

Specifically, it illustrated, in terrible and brutal technicolor glory, the impacts of interconnected threat. It forced us to recognize and understand that threat doesn’t exist in a vacuum. To paraphrase Sir Isaac Newton’s third law of physics in risk terms: every action has an equal and opposite reaction.

In this week’s episode of the Risktory Podcast, I’ll tell you all about the Lehman Brothers collapse, and I’ll explore why interconnected threat is one risk management concept, everyone should know.

The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.

All rights reserved.

Other episodes you might enjoy
https://www.spreaker.com/user/jacintheagalpin/2008-global-recession-part-1_1
https://www.spreaker.com/user/jacintheagalpin/2008-global-recession-part-2

Bibliography
https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp#:~:text=The%20firm%20survived%20many%20challenges,of%20the%20subprime%20mortgage%20market.&text=The%20firm%20posted%20multiple%2C%20consecutive,and%20%24619%20billion%20in%20debt.
https://www.financialexpress.com/market/10-years-of-lehman-brothers-bankruptcy-a-timeline-of-decade-old-crisis-at-defunct-wall-street-giant/1313066/
https://en.wikipedia.org/wiki/Lehman_Brothers#History