LEHMAN FORMULA
\lˈe͡ɪmən fˈɔːmjʊlə], \lˈeɪmən fˈɔːmjʊlə], \l_ˈeɪ_m_ə_n f_ˈɔː_m_j_ʊ_l_ə]\
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Lehman Brothers' investment bankers' compensation formula. Developed by the securities trading firm. Originally, fee or brokerage computation: (1) Transaction sum's 1st million times 5 percent; (2) 2nd million times 4 percent; (3) 3rd million times 3 percent; (4) 4th million times 2 percent; (5) whatever is left times 1 percent. A multiple of these percentages is typically demanded by the brokers during times of high inflation.
By Henry Campbell Black
Word of the day
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.
Nearby Words
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