Richard S. Fuld, Jr.
Summary
Richard Severin "Dick" Fuld, Jr. (born April 26, 1946) is an American banker and executive best known as the final Chairman and Chief Executive Officer of Lehman Brothers. Fuld had held this position since the firm's 1994 spinoff from American Express until 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced a sale of major operations to parties including Barclays Bank and Nomura Securities.Fuld was nicknamed the "Gorilla" on Wall Street for his competitiveness.Fuld was born in New York, New York, to Jewish parents, Richard Severin Fuld, Sr. and Elizabeth Schwab. He received both a B.A.
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60 Minutes Revisits Lehman, Valukas, and Repo 105
Remember the Valukas Report? That court-appointed bankruptcy examiner'sinvestigation into the collapse of Lehman Brothers found a number of colorable claims (prosecutable) against Lehman executives, including CEO Dick Fuld. The Repo 105 scam was designed to mislead investors about the state of Lehman's balance sheet, making it look healthier than it really was.
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We Can Get Your Financial Crisis Kitsch For You Wholesale
Over at the Washington City Paper, "Rich People Things" author Chris Lehmann goes questing after rumors that post-crash tchotchkes from the House of Lehman Brothers are on the auction block in Tysons Corner, Va.
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Time For An iPhone Perhaps? Here Are 16 Epic Wall Street BlackBerry Fails
*These stories were compiled and written by Heidi Moore at Marketplace. Read the original post at her EasyStreet blog >.
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Sterngold departs from Businessweek
James Sterngold, a reporter for Bloomberg Businessweek, left the business magazine earlier this week, a spokeswoman confirmed Thursday.
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Richard (RJ) Eskow: Wall Street: Guilty As Charged
In a piece called "Wall Street: Not Guilty," financial columnist Roger Lowenstein attempts to defend Wall Street against allegations that it's a viper's nest of rampant criminality. His mischaracterization, mockery, and vague suggestions of McCarthyism are strident, flat, and fail to get the job done. But Lowenstein's piece is well worth reading, if only as a case study in the moral and cognitive blindness that's reached epidemic proportions in influential Washington and Wall Street circles.
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Richard (RJ) Eskow: Incredibly Guilty: Despite the Lowenstein Apologia, Wall Street's Still a Nest of Criminality
In a piece called "Not Guilty," financial columnist Roger Lowenstein attempts to defend Wall Street against allegations of widespread criminality. His mischaracterization, mockery, and vague suggestions of McCarthyism are strident, flat, and fail to get the job done. But Lowenstein's piece is well worth reading, if only as a case study in the moral and logical blindness that's reached epidemic proportions among otherwise reasonable people in influential Washington and Wall Street circles.
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Bloomberg Businessweek wins award from Foreign Press Association
Bloomberg Businessweek walked away with the award for best financial/economic reporting at the Foreign Press Association Media Awards 2010.
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