Lehman made a staggering announcement on Monday. They're raising $6B of capital which is some serious dilution for existing shareholders. The math works out to about 33% dilution, but they need the money in a bad way.
Don't worry though, the management team, traders and everyone else involved in compliance and risk management didn't have to give their bonuses from the last 5 years back. The shareholders just take the dilution, and wish they had a better management team. They pay through dilution.
