Lehman Brothers' failure in 2008 triggered a massive financial crisis and upended the lives of thousands of former employees. Former executive assistant Jayson Berkshire worked at the bank for a decade and has struggled to find another full-time job since.
, had grown into one of the country's main underwriters of the poisonous and predatory subprime mortgages. By Sept. 15, 2008, it went bankrupt with its more than $600 billion in assets. It remains the largest filing in the nation's history.To try and answer that question, CNBC reached out to the company's former workers. Here are a few of their stories.
He hasn't been able to find a similar position since. While he earned $85,000 a year at Lehman Brothers a decade ago, he estimates that he makes around $70,000 a year now. Most of the work he does find is temporary. A year at this bank, a year at that one. Often, he's told the job could develop into a full-time position, but it never does.
Roitman had come over to the investment bank from HSBC just one year earlier. During the interviewing process at Lehman, she said she was convinced of the company's health. She was hired to work on fund derivatives, and said she was paid around $1 million a year to do so. She converted all the employee stock she'd accumulated since the 1990s into Lehman shares.
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