Until its demise two years ago, Lehman Brothers Holdings Incorporated was managed by a ten-strong board of external directors, few of whom had direct experience in the financial services industry. At the time of the bankruptcy, nine of the group was retired (for an average of 12 years each), while four of them were more than 75 years old. The group included a theatre producer, a former navy admiral, an economist known as ‘Dr Doom’, and a man previously voted one of the ‘Worst American CEOs of All Time’. But what has happened to the board members since then? Arabian Business takes a look: (Getty Images)
Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.