Entries tagged "Fuld"
Former Lehman distressed debt trader Lawrence McDonald's book is more like two separate memoirs about his life before Lehman, and a second about the four years leading up to the bank's collapse.
Richard Fuld Jr., the former chairman and CEO of Lehman Brothers Holdings Inc., sold his share of a $13.75 million Jupiter Island, Fla., home to his wife Kathy for $100 nearly two months after the company he led made the largest bankruptcy filing in U.S. history....
The latest sign that the end is near? The New York Post's Page Six column reports the following sighting: "FORMER Lehman Bros. chairman Dick Fuld and his wife, Kathy, learning to fly commercial, being instructed by a man who appeared to be their driver on how to work the JetBlue self check-in kiosk at Palm Beach airport en route to La Guardia." - Matthew Wurtzel ...
Henry Waxman, D-N.Y., the chairman of the House Oversight and Government Reform Committee, has banged his gavel Monday for the first of two hearings this week on the causes of the financial mess. Monday's hearing tackles the bankruptcy of Lehman Brothers Holdings Inc. Tuesday Waxman moves on to the $85 billion bailout of American International Group Inc. - William McConnell Watch the video of the hearings...
A few thoughts on the appearance by Lehman Brothers Inc. CEO Dick Fuld on the conference call Monday. First, the papers seemed relieved that Fuld appeared at all, suggesting that his closeted existence was half the problem. Fuld himself was, well, Fuld, not Erin Callan with trousers: feisty, combative, seemingly unrepentant, except for those mistakes someone at Lehman made in the past. And yes, investors, the responsibility is all his, which one would think wouldn't have to be articulated since he has led the firm since 1998. Is Fuld suggesting that those other folks were somehow using his responsibility, but...
Friday. At Lehman Brothers, they must be counting the hours to market close. For CEO Dick Fuld, the circle tightens. Can he survive? Can the firm survive? At what point do those two questions, long essentially indivisible, diverge? The drumbeat against Fuld has sounded since the big loss was announced. The Joseph Gregory and Erin Callan sacrifices toss more gasoline on that fire. Now the Wall Street Journal's Heard on the Street is muttering about a board that -- an odd logic, really -- whose outside directors have served for an average of a decade and is thus, ipso facto,...
