02/27/2009 05:12 am ET Updated May 25, 2011

No Room For Has-Beens At Davos

The titans of Wall Street no longer sit atop the magic mountain. Not long ago, at the World Economic Forum's annual gathering in Davos, Switzerland, Richard S. Fuld Jr of Lehman Brothers held forth on the state of the global economy before mesmerised journalists and cowering subordinates while other Wall Street stars mingled after hours with the likes of German supermodel Claudia Schiffer.

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