This case keeps track of the rapid drop in Lehman Brothers equity research department in August 1992, when, suffering from a downgrade, low morale, and high employee turnover, the company management decided to clean house and re-invest in the creation of the department. "Hide
by Ashish Nanda, Boris Groysberg Source: HBS 27 pages. Publication Date: July 9, 2001. Prod. #: 902003-PDF-ENG