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Richard Fuld

Capitalism Failed; Cronyism and Corruption Rule

Leo W. Gerard | Posted 11.08.2013 | Business
Leo W. Gerard

Capitalist theory asserts that CEOs rise to the top based on merit and moxie and deserve million-dollar pay packages. Turns out, though, capitalism doesn't really work that way. Conniving Jonnies rule the business world.

'Megalomania, Insanity, And Evil' Caused Housing Bubble: Berkshire Exec

The Huffington Post | Alexander Eichler | Posted 08.31.2011 | Business

Charles Munger, the always-quotable vice chairman of Berkshire Hathaway, wasn’t mincing words on Friday. “The bubble in America was caused by s...

Goldman Accused Of Purposefully Moving At 'Glacial Pace' In Probe

Posted 08.01.2011 | Business

(Santosh Nadgir) - Lehman Brothers Holdings Inc accused Goldman Sachs Group Inc of intentionally trying to delay providing documents related to a ...

Executives Behind Financial Crisis Face Little Risk Of Being Caught

The New York Times | JOE NOCERA | Posted 05.25.2011 | Business

So much for Angelo Mozilo taking the fall for the financial crisis. Late last week, word leaked out that Mr. Mozilo, who had co-founded Countrywide F...

Government Denied Lehman, But Bailed Out Other Wall Street Firms, Fuld Says

Posted 05.25.2011 | Business

WASHINGTON (AP, By Marcy Gordon) -- Federal bank regulators on Wednesday defended their actions leading up to the collapse of Lehman Brothers and the ...

Lehman Probe Focuses On Emails That Say 'Stupid'

BusinessWeek | Linda Sandler | Posted 05.25.2011 | Business

June 11 (Bloomberg) -- "Just between us," it may be "stupid" to use certain words in e-mail to "discuss" the "big trouble" you might face if you're ev...

The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Over the last year and a half, Congressional committees and bipartisan panels like the Financial Crisis Inquiry Comission (FCIC) charged with investig...

Dodd Calls For Probe Into Lehman Accounting

Posted 05.25.2011 | Business

In a letter to Attorney General Eric Holder, Sen. Chris Dodd (D - Conn.), the chairman of the Senate Banking Committee, called for an investigation in...

Lehman Scandal: Former Execs 'Shrug' At $50B Accounting Trick Wasn't A Big Deal, Fuld Says He's Vindicated

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Welcome to the Bizarro World of former Lehman Brothers executives. If you can believe it, some ex-Lehman executives are actually claiming that the...

Lehman Bankrutpcy: 'Repo 105,' Bank's 'Accounting Gimick,' Was Like 'A Drug,' Emails Show

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

** UPDATE: Scroll down to see Dylan Ratigan's segment ** The arcane "accounting gimmick" employed by Lehman Brothers as the firm failed in 2007 and...

Exceptional Warren

Yvette Kantrow | Posted 05.25.2011 | Business
Yvette Kantrow

So here we are in the middle of March, which for the financial media, means one thing: It's time to worship at the altar of Warren Buffett. After soak...

More Apologies! Now!

Fortune's Stanley Bing | Posted 05.25.2011 | Business
<i>Fortune</i>'s Stanley Bing

Other guys who haven't apologized enough: John Edwards, Eliot Spitzer, Richard Fuld, Tiberius Caesar, Alan Greenspan, and the guys from the cable company who told me they were going to be there between 8 AM and noon.

Lehman, Bear Stearns Execs Cashed In As Their Firms Failed: Study

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

If you thought that the executives at Lehman Brothers and Bear Stearns paid dearly in when their firms famously imploded last year, think again. A ne...

The Case For Dismantling Giant Banks

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

These 21st century banks have become deadly, systemically risky dominoes that can crush us all if they fail, or can bankrupt us all with debt if we have to bail them out.

Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011 | Politics
David Paul

Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.

Fuld: "I've Been Pummeled, I've Been Dumped On"

Reuters | Clare Baldwin, Jui Chakravorty and Jonathan Spicer | Posted 05.25.2011 | Business

The man vilified for the collapse of Lehman Brothers (LEHMQ.PK) almost a year ago, a failure that triggered the global economic crisis, seemed burdene...

Paulson's Lament: Lehman Brothers Stole My Reputation

Newsweek | Evan Thomas and Michael Hirsh | Posted 05.25.2011 | Business

Hank Paulson, former master of the universe, sits in a nondescript office in northwest Washington, D.C. He is trying to work on his memoirs, but he is...

Bankers Bounce Back

New York Times | EDUARDO PORTER | Posted 05.25.2011 | Business

There are probably good reasons to give Richard Fuld a job at the hedge fund Matrix Advisors. He is familiar with byzantine financial products: Lehman...

Possible Jail For Financial Execs

Portfolio | Posted 05.25.2011 | Business

We asked a group of eight former prosecutors and other legal experts (some of whom asked to remain anonymous) about which of the meltdown's disgraced ...

Lehman Brothers' Former CEO Fuld Has A New Gig

Wall Street Journal | Susanne Craig | Posted 05.25.2011 | Business

He's back in the fold. Late Friday an assistant to former Lehman Brothers Chairman and Chief Executive Officer Richard Fuld Jr. sent a blast email sa...

Congress Should Not Cap CEO Pay, But Look at the Deeper Problems of Corporate Governance

David Paul | Posted 05.25.2011 | Business
David Paul

It needs to be said: The Congress of the United States has no business setting the terms of executive compensation.

Shameful Bankers: Time for a Revolution

Paul Jenkins | Posted 05.25.2011 | Business
Paul Jenkins

While there are many victims in the colossal Ponzi scheme that is the American economy, few of these victims have not in some way been complicit.

Forbes: Biggest CEO Firings Of 2008

MSNBC | Matthew Kirdahy | Posted 05.25.2011 | Business

The bloodletting in the c-suite started in 2007. It still hasn't stopped. Another year goes by and more chief executives get the ax -- probably more ...

Dick Fuld: Criminal Charges In The Offing?

Clusterstock | John Carney | Posted 05.25.2011 | Business

The blockbuster article in New York magazine made it clear that Dick Fuld was telling investors and creditors one thing about the health of Lehman Bro...

Lehman Boss Fuld To Put $20 Million Of Art Collection On The Block At Christie's Tonight

The Guardian | Julia Kollewe | Posted 05.25.2011 | Business

The bankrupt investment bank Lehman Brothers wants to sell at least $8m (�5.2m) worth of the art collection that once decorated its offices. The new...