How to define–and execute– “innovation” in investment banking?
Posted by: Reena Jana on September 15 Walking to work each day from the subway station to my office, I pass the headquarters of Lehman Brothers. Usually, there are tourists outside, taking home videos of the eye-catching facade, which is covered with giant video screens showing enormous images of iconic American sights like the Golden Gate bridge. Today, after Lehman filed for bankruptcy, the tourists were replaced with news reporters and major-TV-media cameras and trucks with humungous satellite dishes on top. Today, employees of Lehman Brothers are shuffling in and out of the building as if celebrities entering and exiting a nightclub, avoiding swarms of paparazzi. And with Merrill sold to Bank of America, and Goldman Sachs and Morgan Stanley gearing up to provide what they hope is relatively good(ish) news in their earnings reports tomorrow, isn’t it time we think about how to define and execute innovation in investment banking? Bruce Nussbaum wrote a blog post in July examining the
