ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, May 15, 1990                   TAG: 9005150231
SECTION: BUSINESS                    PAGE: A-5   EDITION: METRO 
SOURCE: 
DATELINE:  NEW YORK                                LENGTH: Short

EX-DREXEL WORKERS WAIT FOR PAY

Some former Drexel Burnham Lambert employees who expected to receive severance payments last week are still waiting for their checks.

Although it has been three months since Drexel's parent filed for bankruptcy, only the brokerage firm's hourly employees had received any severance payments before last week. Last week, checks were supposed to go out to all employees who earned less than $200,000 a year.

Many employees contacted Monday said that they did receive their checks, but ex-Drexel employees who joined ex-Drexel equity division head Arthur Kirsch at County NatWest Securities USA did not receive any payment.

- Newsday 


 by CNB