West Palm Beach (HedgeCo.net) – Wall Street’s highest-ranking woman, Erin Callan, was subpoenaed by a federal grand jury, along with 24 other Lehman executives regarding the collapse of Lehman Brothers, according to the New York Post.

Now in seclusion, the NYP says she taking a five-month personal leave. Callan joined Credit Suisse five months ago after being ousted as CFO of collapsed investment bank Lehman Brothers.

NYP excerpt: "At Lehman, Callan had been an admired public face of Lehman’s whirlwind dance with hedge fund chiefs, but then-CEO Dick Fuld blamed her for Lehman’s collapse, and pushed her out just months before the firm imploded, wiping out billions for investors and employees."

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

Tags: accredited-investors, callan, cfo, credit-suisse, dick fuld, federal grand jury, five months, hedgeco, investment-bank, lehman brothers, new york post, nyp, palm-beach, personal leave, public face, seclusion