PF Buzz - Personal Finance Social Bookmarking

While a number of groups have been affected by the ongoing financial crisis, it is employees of the collapsed institutions that have been hardest hit because not only do they rely on the company for their paycheck and livelihood, they also tend to be long term stock holders (via employee share plans) with significant ownership stakes. To compound matters most were not fully prepared for the relatively abrupt weekend company closures and/or management changes which meant that they had little time to find other jobs - not that many are currently available. With over 50,000 employees expected to be let go from Lehman and Merrill before month end....