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Entries tagged "Richard Fuld"

Dick Fuld, wife miss art auction opportunity

Former Lehman CEO Dick Fuld and his wife, Kathy Fuld, may not have the best market-timing -- at least when it comes to art.


Crisis on Wall Street: Dealmakers whereabouts

It is the one-year anniversary of Lehman Brothers bankruptcy. Since then a lot of dealmakers have moved around.


Fuld sells apartment for $25M

Former Lehman Brothers CEO Dick Fuld sold his Park Avenue co-op for $25.87 million to co-founder of MSD Capital Glenn Fuhrman.


Lehman's last days: The movie

The BBC announced a made-for-TV movie focusing on the weekend before Lehman filed for bankruptcy.


Bankers selling homes in the summer

Several bankers and bank CEOs such as Jamie Dimon have high hopes to sell their second, third and umpteenth homes in the (at-the-moment, not-so-profitable) real estate market.


Fuld lands new job

No joke, former Lehman Brothers Inc. chairman and CEO Richard Fuld Jr. has a new job with hedge fund Matrix Advisors.


Fuld is folding at the end of the year

Well it's finally happened. Richard Fuld, the CEO of bankrupt Lehman Brothers Holdings Inc.,  will be stepping down by the end of the year after all, but will remain as nonexecutive chairman of the defunct investment bank. According to Reuters, he won't be receiving a bonus or severance, but he will collect compensation. ...


Lehman's Fuld goes to Capitol Hill heads to face the music

With emotions still running high over the banking bailout plan, Richard Fuld, the CEO of bankrupt investment bank Lehman Brothers Holdings Inc., is scheduled to testify at a congressional hearing Monday regarding the collapse of his firm last month.   ...


Lehman's Fuld may be ready to deploy his parachute

After Wednesday's emergency third-quarter earnings report, Lehman Brothers Inc.'s CEO Richard Fuld is certainly standing on the edge of a precipice. Could he be dreaming of jumping off with his golden parachute at the ready? With his reputation at stake, Fuld's restructuring plans could either soar or sink Lehman. The plan raises many questions including how Lehman would reposition itself and Fuld's strategy for the company's future growth....


Lehman defector finds work at D.E. Shaw

One person's trash can be another's treasure. New York's D.E. Shaw & Co. LP has created a new asset-backed securities unit, a move that shows confidence working in a shaky investment, which is part of a nationwide crisis. To head the effort, the firm grabbed ex-Lehman Brothers Inc. banker Richard McKinney as a managing director. Rocky Kurita joined the firm in July from Deutsche Bank AG as a senior vice president and will work with McKinney in the new endeavor....


The Fuld call: Don't worry, it's my responsibility

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...


The Lehman crisis: Fuld makes it to Friday

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,...



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Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


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Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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