Lehman Folds . . .
. . . black car companies hardest hit:
A Brooklyn-based livery cab company is feeling the pinch more than most after the dramatic collapse of Lehman Brothers this week.
Corporate Transportation Group, which has a fleet of 1,400 vehicles in the city, had a contract with Lehman to shepherd thousands of the investment giant’s employees around town.
Now many of its drivers, who would normally line up for hours outside Lehman headquarters waiting for workers, have to spend more time driving to make up for the loss of income.
“We’re getting hammered,” said Eduard Slinin, 44, who started Corporate Transportation when he was 17 years old in 1982. “Lehman was one of our biggest clients. We would do 800 rides a night. We never believed Lehman would collapse. It’s like a bad dream.”
This must have been what the mayor was worried about.
Posted: September 18th, 2008 | Filed under: Follow The Money