From the Iranian coffee cart guy to the Italian graduate student, almost everyone who walked past Lehman Brothers’ headquarters on a windy Wednesday morning in New York seemed to stop and mull its future.
Philipp Steiner, a graduate student in entrepreneurship from Italy, walked up to Lehman’s offices at 50th St. and 7th Ave after reading news about the investment bank’s $3.93 billion quarterly loss on the famous news ticker a few blocks south in Times Square. There’s never such big news in Italy, he said. Still, he didn’t think Lehman bankers had too much to worry about, despite its troubles.
“I would see that as a good experience, and then move on to another job,” Steiner said.
“Can you believe the shares are now around $7?” he asked, as he handed the Lehman employee his coffee. Seven cups would buy roughly one share of stock; last November, it would have taken 68 cups.