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05/2008
Jeffrey Peek, CEO of Lehman Brothers, presented at the 11th Annual Financial Services Conference in London on May 20, 2008. He discussed Lehman Brothers' business model of delivering earnings through all economic cycles. He also outlined several actions Lehman Brothers is taking to manage profitability and liquidity during the current market environment, including increasing pricing, strengthening covenant packages, and prioritizing liquidity. Peek concluded by emphasizing Lehman Brothers' proven liquidity into 2009 and vision for a balanced funding model and capital structure going forward.
