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Home > Author > Joseph Tibman
Joseph Tibman

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Member Since: Sep, 2009

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  Joseph Tibman

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20-year Lehman veteran tells the tale of collapse from belly of the beast.

Background Information

I have written new book," The Murder of Lehman Brothers," currently selling nationwide in the U.S. I hope you will be interested in reviewing it. I was a senior banker at Lehman, there for 20 years and am the only author of a Lehman book who knew all the key players. Book was written without co-author or ghost writer. I was at Lehman when it was owned by American Express and Fuld was made CEO, I was there for the 9/11 aftermath - a game-changer for Lehman, and I was there for the collapse. In fact, I'm the only author of a Lehman book who was there for any of these events.

Book was written for very personal reasons; i.e. I could not sit on the sidelines and allow there to be only one-dimensional tabloid accounts of what happened at my second home. What happened at Lehman, and its global impact can happen again. People need to truly understand what went down if we are to prevent this in the future. There were indeed the few inside the Lehman who bet the bank. But the situation is considerably more complex than this. There were a number of external factors and choices that enabled the meltdown. We seem to need simple villains, simple tales of good and evil. The truth: it is not simple. I let no one off the hook and there is plenty of blame to spread around. But my aim is to inform, though many seem to be entertained as well, as Lehman had no shortage of colorful personalities.
I write in plain English. My hope is that readers will put down my book saying to themselves that they now understand what has undermined financial markets and the global economy as they never understood these things before. I hope that in some small way this book leads to not only greater understanding, but to more discussion about what needs to be done to prevent another similar disaster in the future. I am not one who believes that lessons have been sufficiently learned -- certainly not on an enduring basis.

My wife was nervous about my writing this book. In doing so I am clearly taking risks. But after I finished first draft of manuscript, she read it in a day and told me, "Now I understand why you had to write this."




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