By Jennifer Ablan and Dan Wilchins 1 hour, 15 minutes ago NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N) is paying more of employees' compensation in stock this year, the company said in a memo sent to employees on Wednesday.The company also granted employees an equity award on July 1, which signaled to some investors that the company was less likely to sell itself at a level below its current share price. Lehman shares rallied 6.7 percent to $22.36.
"This special off-cycle grant underscores our confidence in Lehman Brothers' future," the memo said.
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