The Lehman Brothers Bankruptcy

1.How does management operate in a crisis, especially when choosing between options that are all unfavorable?

2.Did Lehman have appropriate corporate governance structures and internal controls in place? Did these structures and controls operate as intended? Were they valuable in affecting a corporate culture that was compliant with the letter and spirit of the law?

3.With the benefit of hindsight, what do you think Lehman's management should have done differently?