Lehman Brothers hiring in a major way (already hired 200)

Lehman Brothers, the banking major which collapsed into bankruptcy under huge obligations, has surprisingly become the hottest place for the job seekers on the Wall Street, with the firm recruiting back as many as 200 employees and still looking for more, a media report says.

Lehman, left with seven billion dollar in cash and more than 1,400 private investments valued at 12.3 billion dollar after the sale of many of its businesses to Barclays PLC and Nomura Holdings Inc, has become attractive for those looking for jobs amid the massive layoffs being announced by other financial services majors.

Alvarez & Marsal, a New York-based restructuring firm, appointed by the collapsed 158-year old investment bank's board to administer the bankrupt company's estate, had kept 130 Lehman employees on the firm's payroll.