Lehman Brothers’ Name Even Further In Mud

If you need some accountancy doing, you want to go to a name you can trust. So if your firm shares its name with a company now synonymous with rash financial business practices, you’re going to have some problems.

Such is the predicament for Lehman Brown, a Chinese accountancy firm set up by two Yank expats. They resisted various attempts by Lehman Brothers to change their name – lawsuits and so on – but in a nice twist now actually want to change their name. 

Dickson Leung, a partner at the firm, said: “From a Chinese perspective, in the past people thought: ‘Wall Street – that’s where people make a lot of money’. Now the Chinese might be thinking: ‘Who knows? Maybe we can do better, we can create another Wall Street in China’.”

And so the East/West switcheroo continues.

Posted by Ben Beaumont-Thomas in Hot Money | October 27, 2008 1:34PM |