Here's an analogy for JL...
"Lehman Brothers: After failing to find a buyer last weekend, the 158-year-old firm filed for bankruptcy protection Monday and Tuesday sold some of its parts for $1.75 billion to Barclays. There is plenty of blame to go around for the predicament Lehman found itself in. Dick Fuld, CEO for 14 years, was slow to react to the credit crunch buffeting Wall Street for the better part of the year and then overplayed his hand in negotiations with potential investors. And as Deal Journal wrote this week, one can’t help but wonder how and why this board let Fuld cling to both hope and power."
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