It's not too often that the WSJ features a head to toe picture of anybody, so less than a month ago, when the paper wrote a positive article on the cover of its "Money & Investing" section about CFO Erin Callan along with a full picture of her, it grabbed our attention. The article was titled "Lehman's Straight Shooter" and said that the CFO instilled a "cool jolt of confidence to the credit-rattled street."
Since then, Lehman's stock has been under selling pressure as investors have lost confidence in the company, claiming that Lehman's management has been anything but straight shooters in their explanation of the company's balance sheet. This morning, LEH announced that it was replacing its CFO only three days after announcing it was raising $6 bln in new capital. Like Sports Illustrated, does the WSJ now have a curse of its own?