The demotions were a big blow to both Lehman insiders, though perhaps Callan's ousting is the more significant, as she was one of the highest-ranking women remaining on Wall Street. The demotions also bring up the question: Would you rather stay or go? That is, if you were in Callan's shoes, would you rather stay on with the firm in a lesser role or walk out the door?
Let us know where you stand by commenting below.
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