The Lehman Brothers' corporate culture was "terrifying," says Vicky Ward, the author of the new book "The Devil's Casino" about the company's collapse. In an interview on "The Today Show," Ward spoke about the corrupt and bizarre inner workings of the Lehman Brothers and the sad human story behind the mess. She described a culture in which people would be fired for wearing the wrong clothes to a golf game, let alone disagreeing with the senior management's practices.
"The Devil's Casino" uses a series of memos from the senior executives of the Lehman Brothers provided to Ward that turned out to be what she calls "Lehmangate." The book, though, is really about the human story behind the collapse, says Ward:
The tragedy of the story is that you see money and Wall Street corrupt [the Lehman Brothers founders]. And you see their marriages break down, you see their friendships break down.