Bunhill: Lehman Brothers
I WONDER just how many cabbies in New York are intoning that well-worn chant: 'I had that chap from Lehman Brothers in the back of my cab once.' Must be quite a lot. When the venerable investment banking firm looked at its costs as part of the divorce from former parent American Express, it discovered that the annual bill for taxi fares in the Big Apple added up to dollars 8m (pounds 5.4m), a quarter of which was for 'waiting time'.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies