SINGAPORE (Sept 10): “We felt like the wounded lion who climbed up the mighty baobab tree to escape a pack of hyenas — only to have the branch break.”— Scott Freidheim, chief administrative officer of Lehman Brothers, writing in the Financial Times on Sept 6, 2018, referring to the week 10 years ago, after the bank was denied a bailout by the US government.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply