I suspect I may have been alone amongst viewers of the recent Singapore Grand Prix in that, rather than marvelling at the brilliance of Sebastian Vettel’s driving skills, my thoughts instead were on the world’s largest bankruptcy – Lehman Brothers. For those who have not been living and breathing the consequences of the financial sector’s greatest ever failure, the link between the cars and glamour of F1 and an insolvent investment bank may not be immediately obvious. However if you were to know that Lehman Brothers is still the second largest shareholder in the sport, with a 15.3 per cent stake in Formula One’s holding company, then the connection becomes clearer. Given the fourth anniversary of the bank’s demise was a few days ago, it is also a good time to think about how far we’ve come since the dark days of Autumn 2008, a time when many thought the world as we knew it was coming to an end. So, four years on, what have we learnt?
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