Lehman Brothers Holding has reportedly fired CFO Erin Callan and COO Joseph Gregory. Ian Lowitt will take over as CFO and Bart McDade will be named president and COO. Apparently Lehman Bros felt the reorganization was necessary because the dropping stock indicated the market had lost confidence in his team. Lehman’s stock price has been tanking for a while now with all the sub-prime real estate business they have which is now in the toilet. Read the rest of this entry »