Bunhill: Lehman Brothers

Saturday 16 April 1994 23:02 BST

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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'.

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