Always take the cash

The collapse of Lehman Brothers last September resulted in some huge losses for everyone from New York hedge funds to Norwegian pensioners.

But the bankruptcy of what was the nation's fourth-largest investment bank also wiped out a big chunk of the collective net worth of the company's more than 25,000 employees. Especially those employees who received their bonuses and performance awards in Lehman stock.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It