Lehman Brothers Appoints Council on Climate Change

Lehman Brothers (LEH) said on Wednesday that it has named Theodore Roosevelt IV, a great-grandson of U.S. President Theodore Roosevelt, as chairman of its global council on climate change (source Reuters).

I love to see a company I was associated with attack issues that threaten our planet.  I also think it is good business. I have been impressed with Lehman Brother's innovation and drive to succeed.  I also think that their stock, along with those of most big investment banks, are underpriced.

 

Disclosures and Confessions:  I own Lehman Brothers (LEH).  I am a former employee  and Managing Director at Lehman Brothers(LEH), I am vested in their executive compensation, stock ownership and options plans. I have sold LEH  in the past two years. To my knowledge I was never deemed an "insider".

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