Abstract

The recent global financial crisis (GFC) has introduced many lessons to the business world. The bankruptcy of Lehman Brothers, one of the biggest financial institutions in the world, is one of these lessons. The stockholder governance is the reason of this bankruptcy. This paper will compare stockholder and stakeholder governance perspectives by scrutinizing the bankruptcy of Lehman Brothers. When we search for the reasons of this bankruptcy, greedeness is the main factor. This paper is expected to be enlightining for the ones who want to learn real the reason of Lehman Brothers’ bankruptcy and of GFC