Lehman Brothers bonus pool exceeds value of bank

The staff bonus pool at Lehman Brothers could now be worth more than the firm itself following a collapse in the bank's share price over the last two days.

Lehman Brothers' accrued bonus pool for the year so far is estimated to be worth in excess of $3bn (€2.1bn), according to one analyst at a US bank, while the bank was valued at less than $2.7bn after trading opened this morning.

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