(H/T Daily Options Report)
Lehman Brothers just can’t get a break – even on the lacrosse pitch: Bear Stearns’ lacrosse team whipped their (former) rivals at Lehman 11-4 on Tuesday night, according to Bloomberg.
As Peter LeSueur – who scored four of Bear Stearns’s goals – noted, Bear needed a bit of cheering up, what with that whole collapsing-and-selling-itself-for-a-pittance-to-JP Morgan thing:
“It’s been something that we’ve been able to look forward to,” said LeSueur, a former fixed-income analyst at Bear Stearns who played lacrosse at Johns Hopkins University from 2002 to 2005. “There were a lot of question marks surrounding the firm in the last couple of months, and just for fun we were able to keep our focus on this and know that we’d be able to play together and maintain our friendships.”
About half the members of Bear’s team are former employees, and the others work for Bank of America. Many employees who have moved on to other firms since Bear Stearns’ sale chose to stick with the team. “We managed to keep the group together, for the most part,” said Garssen Wong, 31, a former Bear Stearns vice president in credit sales who played attackman last night, scoring one goal, and organized the team. “A lot of the guys came back, even guys who aren’t with the company any more.”
Touching.