You can find more stories like this in our "On the Brink" series.
The sale of
investment-management unit has been delayed because of wrangling over how to run the business and pay fund managers, according to a media report.
Lehman, which earlier this month filed for bankruptcy, wanted to announce the sale to
Hellman & Friedman
by last week,
reports, citing people familiar with the talks.
Sticking points include the new company's management structure, compensation at the Neuberger Berman fund unit, and valuing Lehman's private-equity assets,
Bain and Hellman, which originally submitted separate bids, are now negotiating to buy the unit together, valuing the business at less than $4 billion,
This article was written by a staff member of TheStreet.com.