Turns out the rumblings in Charlie Gasparino's stomach were correct--the Lehman Brothers CEO has been fired.
Kidding (for now). You'd like that, though, wouldn't you, Callan, Einhorny, Jimmy E. Cayne. Anyway, no, Dick Fuld still employed at the bank. His position would've been a bit more secure, however, had he successfully struck a deal to raise nearly $5 billion from South Korean wealth funds and institutions, a money making scheme the CEO had been working on since June and which fell apart earlier this month, according to the Post. Here's hoping he has better luck trading Neuberger-Berman for poker chips, which could potentially save the firm and, more importantly, come in handy this weekend in AC.
Lehman Looked To East [NYP]
Posted by guest , Aug 20, 2008 10:23AM
got me! damn you.
Posted by guest , Aug 20, 2008 10:32AM
got me all excited for a second there.
Posted by bank_teller , Aug 20, 2008 10:35AM
you are a cruel temptress, bess. such a turn-on.
Posted by guest , Aug 20, 2008 10:41AM
I definitely just announced to my bullpen that Dick fuld got fired. Thanks Bess, you're the apple of my eye!
Posted by guest , Aug 20, 2008 10:42AM
This is not nice. Why do something like this? Inappropriate.
Love this website - but this was not a good thing to write
Posted by AJ , Aug 20, 2008 10:44AM
Levin, you are evil...
Posted by guest , Aug 20, 2008 10:46AM
C**k tease Levin!
Posted by guest , Aug 20, 2008 10:49AM
anyone know what associate pay is?
Posted by AJ , Aug 20, 2008 10:50AM
@8 if you work at lehman, $200k of stock
Posted by guest , Aug 20, 2008 10:52AM
8 - Associate pay is 12 jars of Mayo.
Posted by guest , Aug 20, 2008 11:20AM
Ah yes, sending a note to my wife apologizing for Fuld getting canned (she's at LEH) was awesome. Thanks.
Posted by guest , Aug 20, 2008 11:20AM
Hellman's or Kraft?
Posted by Finnegan , Aug 20, 2008 11:24AM
That was very tricky.
Posted by guest , Aug 20, 2008 11:24AM
@11-- why would you apologize to your wife for Fuld getting canned?
Posted by guest , Aug 20, 2008 11:25AM
teaching you guys a lesson to read through to the end.
Posted by FUNdamental , Aug 20, 2008 11:26AM
Bess, you got me. I had packed my desk and now need to explain a very awkward email to callan!
-D.F.
Posted by guest , Aug 20, 2008 11:29AM
We were talking about it last night... Fuld is LEH, pretty much. Signals the end, more than anything.
Posted by guest , Aug 20, 2008 12:00PM
10, i thought it was options on 12 jars of Mayo, not outright jars up front. not sure if the strike was at $6 or $3 though, given the recent pulloff in the mayo markets.
Posted by guest , Aug 20, 2008 12:01PM
Anyone know what KKR MD numbers are?
Posted by guest , Aug 20, 2008 12:03PM
@19 What are Blackstone MD numbers?
Posted by guest , Aug 20, 2008 12:35PM
I'd rather have 12 jars of Mayo than 200k of LEH...
Posted by guest , Aug 20, 2008 1:08PM
Yeah, this is a dick headline.
As for $200k of associate stock, talk to one of the folks laid off from LEH this year. They're stuck holding their stock from previous years until about 2011 even though they have zero participation in the company now. Talk about locking up shares.
Posted by Bess Levin , Aug 20, 2008 1:14PM
"Yeah, this is a dick headline." I disagree, 22. Even without the "just messing," the headline is accurate. Dick Fuld was shot down by the Koreans. It's the lede that's dick.
Posted by guest , Aug 20, 2008 1:29PM
I love Bess more than ever. And I REALLLLLY love her.
Posted by guest , Aug 20, 2008 2:20PM
Bess,
I think you should report that FRE common has been wiped out. It would be kind of like this only significantly more likely to be true.
Posted by guest , Aug 20, 2008 2:31PM
At least a jar of mayo would taste better than a share of Lehman stock.
Posted by guest , Aug 20, 2008 2:47PM
This is stupidity. It's one thing to post rumor and innuendo. But this is childish ooh tee hee guess what I heard? Oh just kidding. Crap. Grow the F up and write something of value, will ya?
Posted by guest , Aug 20, 2008 2:49PM
@27-- see the rest of the post, which has the actual news about the failed attempt to raise money, you twatwaffle.
Posted by guest , Aug 20, 2008 2:56PM
@28 I saw it and read it, you coprolite. What do you think, I didn't read the whole thing before commenting? I'm just saying, if this is what the glorious Bess comes up with, she needs to be trying harder. The hook is quite juvenile.
Posted by guest , Aug 20, 2008 2:59PM
@29-- clearly you're new here if you haven't read her other stuff. do everyone a favor and leave.
Posted by guest , Aug 20, 2008 3:03PM
@29 Ooh I've encroached on your little domain have I, King A Hole? I've read her and maybe I'm just tired of her. And you, you dung beetle. It's old after a while. So BITE ME! I'm entitled to my opinion. So I don't fall at her feet and worship at the Temple of Bess. Whatever. It's one thing to be witty and sarcastic, it's another to be stupid and juvenile - as I feel the beginning of her piece here was. No one bats 1000, do they?
Posted by guest , Aug 20, 2008 3:07PM
@31-- your last line is the only intelligent part of your post. and if you believe it to be true, then why don't you chill the fuck out?
Posted by guest , Aug 20, 2008 3:08PM
Man! I'm having to look up a lot of words here today. This is real work. Can't you Harvard types talk like normal folk?
TOGFD
Posted by guest , Aug 20, 2008 3:16PM
@31 That's not a bad idea after all. I'll ignore the comment about intelligence as well 'cause I just asked myself, WWJD? and I done received the answer from above and the spirit has filled me with love and forgiveness for you. So now I'll go chill the fuck out, bro. And I suggest the same for you.
Posted by guest , Aug 20, 2008 3:22PM
@34- i'm calmer than you. just interesting that you say 'no one bats 1000' and yet freak the fuck out over one 'juvenile' joke in one post.
Posted by guest , Aug 20, 2008 3:33PM
@35 I'm a little on edge today. Perhaps I flew off the freakin' handle. I think I was having one of those I HATE PEOPLE moments when I was reading this. It happens. Thank you for letting me vent. I'm all happy crappy now.
Posted by michange , Aug 20, 2008 4:05PM
Coucou Bess!
Thanks for giving us the kind of news we'd like to hear!... wish you were true about D**k Fu**
Posted by guest , Aug 20, 2008 4:22PM
Would you asswipes please do your venting / virtual hugging elsewhere? It's getting uncomfortable reading your flirting with each other. Mayo guy is more interesting.
Posted by guest , Aug 20, 2008 6:01PM
"...Any one see where the wabbit went?... I'm huntin a wraskly wabbit carrying a wad of cash he owes me... "
Elmer "Like a Lazer, but really just a Dick" Fuld
~Somewhere in the weeds of the Greg Norman Golf course in Sunny Bakersfield California...
http://www.bakersfield.com/hourly_news/story/482792.html
Posted by guest , Aug 20, 2008 11:25PM
However, in spite of Lehman’s share price fall, those who have negotiated with the firm in recent weeks describe Mr Fuld, who wields additional influence as a director of the Federal Reserve Bank of New York, as being as pugnacious as ever. “He thinks he is playing with a full deck,” said one person on the other side of the table.
http://www.ft.com/cms/s/0/586ed412-6ee6-11dd-a80a-0000779fd18c.html