And, for good measure, CEO RichardFuldRichard Fuld may be out by the end of the year.
Richard Fuld and Alan Schwartz, the former chief executives, respectively, of Lehman Brothers and Bear Stearns.
Representative ELIJAH CUMMINGS (Democrat, Maryland): Mr. Fuld, I want to ask you about your personal responsibilities.
TEMPLE-RASTON: Fuld said that in the past year, Lehman had recognized that it was overleveraged.
Just last week, Fuld updated his numbers on the Gisele Bundchen Stock Index.
With 3.3 million shares of Lehman stock, Fuld is the broker's largest individual shareholder.
Lehman's chief executive, Richard Fuld, may one day be tempted to flourish his cheque book.
Richard Fuld seems to be putting himself and Lehman Brothers into a corner.
Jose Lobaton hit a broken-bat RBI single to center and Sam Fuld followed with a sacrifice fly.
Shares rose 5% after Chief Executive Richard Fuld gave a positive outlook during the company's earnings call.
Chief executive Richard Fuld said, perhaps prematurely, in April that the worst of the crisis was over.
And, for good measure, CEO Richard Fuld may be out by the end of the year.
But, like many on Wall Street, Fuld does not have employment or severance agreements, according to Schmidt.
But all Chief Executive Richard Fuld has seemed to be able to accomplish is rearranging deck chairs.
Mr. FULD: I, like a number of other people, thought the mortgage crisis was contained to residential mortgages.
For weeks, Fuld has kicked around the idea of selling Neuberger Berman, one of Lehman's marquee asset management divisions.
Fuld has had to come out several times since Bear Stearns blew up to say Lehman is not next.
While Fuld's pay did not qualify as speculative, Martin Sullivan's did at AIG.
For sheer chutzpah this puts Fuld in league with former Washington D.
FORBES: Wall Street Has Been Entitled, NOT Occupy Wall Street
Diane Watson of California asked Fuld if U.S. regulatory bodies were also responsible.
On Monday, investors also had to contend with media reports questioning Fuld's future.
Fuld, once praised for his stewardship of the fourth-largest investment bank in the U.S., is now vilified for his pride.
"This was a terrific year for Lehman brothers as we set new records for revenues, " said Richard S Fuld Jr.
Fuld again attempted to shore up confidence in the firm Thursday, ousting its chief financial officer and president and chief operating officer.
Left fielder Sam Fuld made a diving attempt to catch the ball, which instead went under his glove and rolled behind him.
Richard Fuld steered Lehman Brothers into a swampy lagoon of subprime debt.
Mr. RICHARD FULD (CEO, Lehman Brothers): I feel horrible about what has happened to the company and its effects on so many.
TEMPLE-RASTON: Fuld was the first Wall Street executive to face the committee.
Lehman's CEO, Richard Fuld, was asked about what was going on at the firm in the days leading up to its bankruptcy filing.
It is supposed to be an investigation into whether Lehman and its chief executive, Richard Fuld, misled investors about the firm's financial health.
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