The Devil's Casino

The Devil's Casino

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Ward, Vicky John Wiley & Sons, Inc., 2010
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In The Devil’s Casino, Vicky Ward examines the leadership behind Lehman from its start as an independent firm in the mid 1990s to its fall in 2008. The Lehman Brothers was one of the most infamous and well-known investment firms in the 1990s and 2000s due not only to its success (especially for a firm its size), but also for its downfall. Years later, analysts are still trying to find a precise explanation of what went wrong at Lehman Brother and how its eventual bankruptcy and government investigation could have been avoided. It may have failed as a firm, but Lehman’s name still survives as a warning against hubris and thoughtless management.