Lunchtime Links: Can Nomura afford Lehman people?

Probably the vast amount of traders at Lehman Brothers where very solid people, doing a good job, it takes a lot of effort to become a trader and people shouldn't be so quick to knock them.
People should possibly aim and take fire at the companies senior management, who where controlling the risk and the company capital base. Lehman went under due to the US part of the bank not being able to pay it's bills and everything flowing back into that part of the company.
It might also be good logic to think that if senior management had greater control on the companies capital requirements and had more closely monitored the risk associated with it's investment arrangements, perhaps they'd still be here today.
Traders are paid and given incentives on the basis of the risks they take and on the probability that they'll be able to make money on the back these chosen bets, In trading there will always be a winner and a loser, it's just part of the game but if company management doesn't control the amount of losses or reign in a risky strategy,then that's when the company goes under and that's why (supposedly) senior management get paid top dollar, so they can set strategies and avert disas

Actually the bulk of the Lehman _traders_ were excellent, particularly in commodities and in prop. Similar to Enron, the problem was senior management/corporate screwing things up at a macro level. In fact, a couple of the Lehman traders who'd also worked at Enron raised the danger flags in conversation with me several months before the balloon went up, saying the last time they'd seen senior management behaving like that --panicking and running to cover the tracks of presumably dodgy actions-- was in Enron just before the balloon went up.

Very few Banks can afford to have ex Lehman types on board, they are too dangerous...1 house blown up already and now Nomura are going to suffer in both the over generous wage bills and in terms of reputational risk....serves them right..which "eeejut" thought that employing them was a good idea...they will have to go ..ah forgot ..its a Japanese Bank...no one will have to go anywhere """

can Nomura afford lehman people? Hell No!

not meaning to be pedantic, but are your Yen figures correct?

billion yen, not million perhaps?