Having been successfully nursed back to health by new boss, Credit Suisse CEO Brady Dougan, Erin Callan is finally ready to talk about old wounds. She spoke with Fortune about her dismissal from Lehman Brothers, and even though she’s yet to thank us for the flowers, we’ll share it here. To the question, “Were you forced out as CFO,” E to the C told reporter Katie Brenner:
No. It was clear in the 24 hours after we announced second-quarter earnings that the market reaction was just terrible, and there was a rising sense in the organization that a management change was needed. I went back to my office and decided I was willing to step down. I’d only been CFO for six months and hadn’t brought us to that moment, but I was the public face of the firm, and we had to show the world that we were making changes. Joe Gregory [then Lehman's COO and president] was thinking about stepping down, but he was not known to the outside world. It would have mattered a lot internally, but I didn’t think it would have a big impact on the market. So we decided to do it together – to do the right thing for the organization.
In retrospect I was lucky to get out, but I was so sad. It wasn’t a relief at the time. I never thought I would leave that firm. It had such a strong culture. People really lived their lives there. I think Dick felt personally horrible about it because I was his protégée. During this difficult conversation with me, he cried.
In an unedited version of the interview, Callan went on:
“And I’m not just talking about a little salty discharge, I’m talking about gigantic tears, streaming down the man’s face. Most people think of Fuld as this big tough guy- hence “The Gorilla” nickname- but in reality the man is a total puss. Him crying when he fired me was just one episode in a series of episodes since I started working at Lehman in which he would burst in to tears over the slightest little things. One time I walked into his office and I guess he’d accidentally gotten a button caught on a drawer and it snagged or something and I shit you not, he fell apart. Curled up in the fetal position, snot coming out of his nose distraught. At first I thought it was a joke but then I came to see it was no joke at all, the man is a gigantic flaming pussy. One time he cried at a board meeting over no one leaving him any cheese pizza, another when he thought David Einhorn was going to hurt him physically– note that I said “thought,” as in just the idea of it.
Which is not to say his crying when he fired me was simply par for the course because believe you me, he knew he was throwing me under a fucking bus and it ate him up inside, THE GUILT. And it continues to eat him up inside. You want to know why he hasn’t shown his face at LEH? Cause he’s been emotionally eating his way through the horror of what he’s done to me and has blown up like freaking, what’ the name of the guy DeNiro plays in Raging Bull? That guy. That’s what his face looks like, at the end of the movie (a movie in which, and maybe I’m not getting this right, but I recall the protagonist DIES). Oh, and his wife also tells me that he’s developed a case of erectile dysfunction, and on the rare nights he can get it up, often bursts into tears during climax and screams “I’M SORRY ERIN!!! I’M SORRY!!! She’s thinking of leaving him.”
I Was Lucky To Get Out [Fortune]
HERE IS THE BIG CRY BABY?
Is she saying they did the JO&C routine together as part of her exit interview?
Yeah…sure…..
HERE IS THE BIG CRY BABY?
It is not that hard to believe. There are people who really drink the Kool-Aid wherever they go. Look at all those people who go to every football game at their schools. The ones who have a lot of school pride are probably the same ones who bleed company colors. People like to be on a team and they are loyal to a fault.
Erin Callan is a Claymate!
Ms. Callan got fired. So what?
There are two kinds of financial people in the world: Those who have been fired and those who are going to be fired one day. Deal with it.
I bet he JO&Cs all the time
You fell on the sword, Erin.
You’re supposed to just to keep your mouth shut and take it a like a man, er, trooper. Sometimes silence will garner more respect.
Bess – story on Bloomberg about Kathy Fuld planning on selling $20 million of art at aution in November. Story didn’t say if the proceeds are to help Joe Gregory and Ed McMahon.
is that callaiken. There are two kinds of financial people in the world: Those who have been fired and those who blog on DB.
@ 9 you’re a moron. The only thing you should be commenting about is your blow up doll.
she is a crabby pickle
http://oddmusings.wordpress.com/
she looks sad now that she left the shire.
she needs to work on her arms
@12 I would, but right now I’m having a friction crisis – out of astroglide.
Look at her; she’s certainly no f’n prize. She’s just trying to resurrect her Wall street hottie bullshit. WTF is wrong with her?
Maybe she can get her skinny ass fired from CS too.
The Guy from Delaware
@15 I agree. What’s up with these women wearing sleeveless tops/shirts who have not seen a gym in like forever. Cover up those chubby things. Those aren’t arms, more like yams.
hit it and forget it
@ 18
it’s not so much that they’re chubby — chubby firm arms on a nice full figured gal can be downright succulent — it’s more like they’re slack — friggin slack as greenspan’s withered scrotum
clueless regulator
@20
Barbara Walters in the house?
“Oh, and his wife also tells me that he’s developed a case of erectile dysfunction, and on the rare nights he can get it up, often bursts into tears during climax and screams “I’M SORRY ERIN!!! I’M SORRY!!! She’s thinking of leaving him.”
did she really say that?
I’d do her. Might end up dead, she strikes me as the Black Widow type
@15 – She needs to work on her face. She looks fucking terrible. Lord.
@ Blndebnker
Assuming you are indeed a woman, you might want to refrain from perpetuating an artificially enhanced standard of beauty via bullshit comments like that. If we can’t even respect each other we don’t command it either.
Attention Ladies – that look is what 20 years in I-Banking will do to you. Rough!
In a further uncensored version of the interview Callan the Cunt went on to say:
“The day the quarterly earnings came out I found David Einhorn waiting outside my cabin. The bulge in his pants was conspicuous. He beckoned me to follow him to the men’s room. I had no choice but to follow because he was the dominant position.
He sat me down on the shitter and unzipped his pants to reveal his throbbing 12 incher. The morning’s earning release and the subsequent 20% drop in stock price had given him such a hard on. I had to give in and give him head.
Then after 20 minutes of felatio he pushed my head back, gave a groan and then blew a load of warm sticky cum on my face. I wasn’t weeping but I wasn’t as humiliated as much as I had humiliated the firm either.
He zipped up his pants and left the men’s room and 745 leaving me to go back to my corner office.
I swallowed whatever trickled into my lips and then cleaned the sticky residue with toilet paper, which left a papery residue on my face that day. What a shaft – Einhorny that. I believe his weiner has grown to over 14″ since we went bust.”
@22:
You’re an idiot.
@girl – Not sure where the hostility is coming from however I was just commenting on the fact that she looks bad. I was not promoting anything, especially not an artificial standard of beauty. I do believe I am entitled to my opinion. And not for nothing, but my opinion on what she looks like has nothing to do with my opinion of her as a person or woman. She is incredibly smart and I am sure I couldn’t come close to holding my own if she and I were to get into any financial conversation. So my comment is no disrespect to her as a woman or businessperson.
And please don’t pretend that you haven’t looked at another woman and at the very least thought to yourself, if not outloud to your friends, that her outfit is heinous/her face is busted/her ass it fat/etc. It’s incredibly fake to act superior as if you don’t size up other females. We all do and you know that.
@girl – Not sure where the hostility is coming from however I was just commenting on the fact that she looks bad. I was not promoting anything, especially not an artificial standard of beauty. I do believe I am entitled to my opinion. And not for nothing, but my opinion on what she looks like has nothing to do with my opinion of her as a person or woman. She is incredibly smart and I am sure I couldn’t come close to holding my own if she and I were to get into any financial conversation. So my comment is no disrespect to her as a woman or businessperson.
And please don’t pretend that you haven’t looked at another woman and at the very least thought to yourself, if not outloud to your friends, that her outfit is heinous/her face is busted/her ass it fat/etc. It’s incredibly fake to act superior as if you don’t size up other females. We all do and you know that.
hahaha ‘yams’ – well played
@26–Better than five years at big law.
Erin rocking the Puffy Shirt, low talkers everywhere taking note.
She kind of puts herself out there for comments on her appearance when she wears a diaphanous low-cut sleeveless shirt (with what – shells? feathers?) for a Forbes interview. I’m assuming that’s where the photo is from.
- grown up woman
Is that shirt from a sienfeld episode?
If her personal shopper has a conscience, she has already killed herself. If not, she is laughing her ass off for getting Erin to buy that shirt.
@Blindbanker – You specifically said she needs to work on her face, thereby implying a standard of artificial beauty. Girl’s original statement is correct. Now apologize. By the way, what you up to tonight? Wanna hang out?
34 diaphanous? You must be one of those people who manages to be both smart and idiotic at the same time.
@37
Stupid turd. It’s Blondebanker
@5
Bingo. Exactly right. Those people who develop that level of an emotional attachment to a commercial enterprise deserve everything they get. It is sick and twisted. If the CEO of a company I was working for mentioned “bleeding green”, etc., I would call my headhunter the minute the meeting was over, or text them during it. That kind of committment requires one to suspend their judgement, which you do at your own peril. Granted, it was probably worth a couple of fat bonuses, butr how’s that Christmas goose looking this year? Like its egg? Yup. I have yet to find a symapthetic character in this whole mess yet.
@40
The dog! How can you not be sympathetic to the dog! KDB is going to eat it!
@41
It will be a cold day in hell before I feel sorry for Erin Callan, except maybe a bit for those scabs on her knees. Painful when rubbed raw I’m told, and if you look at the carpeting in the CS conference rooms, she’s gonna look like she was dragged behind a pickup.
Erin Callan is in fact a nobody since nobody other than a relative few on Wall St ever even heard of her. Thinking about her isn’t worth the time it takes to remember her. Why should I care at all.
The Guy from Delaware
she’s a man, baby…..
that face needs a good frosting
She is the sexiest lady on Wall Street!
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