Lehman Resigns, As Shearson Focuses On Core Businesses
NON-BANKS
Jack Lehman, a senior vice president and head of Shearson Lehman Brothers Inc.'s commodities division announced his intentions to resign from the firm late last week. His departure, and Shearson's plan to alter the compensation package for its commodity futures sales staff, reflects the firm's effort to focus on its core businesses, particularly its cash trading operations.
As reported, Lehman Brothers continues to build its foreign exchange (FX Week, November 1) and bond trading operations, but
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