Fuld and Lehmans – 1 year on
It was 1 year ago Sept 15th when Lehman Brothers did the previously unthinkable, and dissolved in inglorious bankruptcy. This Reuters piece catches up with Dick Fuld who commutes from his mansion in the Rockies to Manhattan 3 or 4 times weekly for expensive lunches and some consulting work. With the combined $310 million package and sale of Manhattan spot for $25 million he is managing. The observation of ex Lehmans emoloyee is illustrative of his approach though. Google Earth Fuld says being “dumped on” for Lehman failure | Reuters Lawrence McCarthy, who was head of distressed bond trading at … Continue reading Fuld and Lehmans – 1 year on
