Search the Archive

Shearson Lehman Hutton / Employee Layoffs #331496

CBS Evening News for Wednesday, Feb 28, 1990
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Dan Rather) Shearson Lehman Hutton, Incorporated, reported announcing layoffs; details given. Report introduced.

(New York: Ray Brady) More layoffs expected on Wall Street; details given; scenes shown. [Former Drexel Burnham Lambert employees Zachary GORDON, Geoffrey SNYDER - predict layoffs of thousands of Wall Street workers.] Remaining employees noted suffering stress-related illnesses; scenes shown from clinics. [MAN - says his future is uncertain.] Impact of Wall Street payroll crisis upon rest of New York illustrated. [Corcoran Group president Barbara CORCORAN, Korn/Ferry International Windle PRIEM - comment on younger people whose salaries and bonuses created lavish lifestyles.]

Brady, Ray;
Rather, Dan

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.