Lehman Brothers Getting some respect

Lehman Brothers is the first out of the gate. And though the race for Wall Street earnings supremacy in the second quarter has just begun, Lehman already looks lengths ahead of its peers. While earnings fell 22% from the bumper first quarter, they rose more than 10% from the same period a year ago. And more to the point, they were above expectations. This raises two questions. How did Lehman manage it? And what does it mean for the rest of Wall Street? On the first point, Lehman continued to wri...