Fees Add Up in the Bankruptcy Megacases Like Lehman’s

money

 Fees for the Lehman bankruptcy alone could easily touch the $1 billion mark.

More than $263,000 for photocopies in four months. Over $2,100 in limousine rides by one partner in one month. And $48 just to leave a message. Explanations for these charges? Priceless.

The lawyers, accountants and restructuring experts overseeing the remains of Lehman Brothers have already racked up more than $730 million in fees and expenses, with no end in sight. Anyone wondering why total fees doled out in the Lehman bankruptcy alone could easily touch the $1 billion mark merely has to look at the bills buried among the blizzard of court documents filed in the case.

 

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Business Veterans to Help Inventions Spring to Life

DaVinci Institute’s Inventor Boot Camp – 2008

It all starts with an epiphany. Every invention begins with a single “eureka moment” or some “brilliant revelation” that causes the inventor to take action.

These epiphanies become the idea seeds that will eventually get planted around the world. But we can only wish the process was as simple as adding water and fertilizer and waiting for the ideas to spring to life.

Inventions are not just patents to be hung on a wall. They are the starting point for a new business enterprise. So, not only does the inventor have to figure out how to create a working product or device, they also have to drive their invention towards a business model that will enable it to survive. And that’s where we come in.

 

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