It is rather shocking (but not) to see how quickly the financial press turns on its former heroes. Truly, very fair weather friends, the press. To wit: Dick Fuld’s fall from grace with the Financial Times as seen in their headlines and prose.
Smart survivors of the carnage
“Dick Fuld, Lehman Brothers chief executive, has emerged triumphantly from the squeeze….”
- FT November 5, 2007
Lehman rides out credit crisis
“Analysts had expected Lehman to earn $1.42 a share. But the diversification strategy of Richard Fuld, chief executive, helped avert the predicted earnings drop….”
- FT December 14, 2007
A fighter on the ropes
- FT June 14, 2008
Dick Fuld, the executioner
- FT June 17, 2008
On Wall Street: Be they ever so humble, but the times they are a-changing
“You know the Street has serious self-esteem issues, when even Dick Fuld, one of the toughest bankers around, has to come out with a mea culpa for Lehman Brothers’ losses.”
- FT June 20, 2008
Lehman chief to forgo annual bonus
- FT June 27, 2008
Fuld faces a tough fight to save his legacy
“Dick Fuld’s reputation as a titan of Wall Street….”
- FT September 10, 2008
Hadron Collider meets Dick Fuld
“…Lehman Brothers chief Dick Fuld was subjected to the laser-beam treatment….”
- FT September 11, 2008
Hubris – is thy name Richard Fuld?
- FT September 14, 2008
Denial disguises Lehman reality
- FT September 15, 2008
A tragedy of hubris and nemesis
- FT September 15, 2008
Ah yes. From smart fighter, triumphant, to humble tower of strength, to executioner, to tough banker to egotistical maniac. We love our financial heros strong, indelible and tough. Until we don’t anymore.
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as bad as finance people can be, the media makes us look like altar boys and girls.
Unless youre a ‘speculator’ engaged in ‘naked shorting’ to ‘undermine the american economy’
@ 2, well, unless you’re a terrorist who specializes in naked shorting…
think about it.
the kiss of death was the release of last wednesday’s hail mary plan to raise ala alan schwartz’s appearance on cnbc to assure the public . except in bear sterns’ case, they had the capital…
@3 espicially if you’re a naked terrorist
Dick Fuld, like the Hadron collider, created a black hole that threatens to suck the earth inside for all eternity… And I’m not talking about his performance at Lehman
Hang in there Lehman ex-employees – I know things suck right now. But you will all get through it.
In the mean time, Carney will buy you a drink.
AIG has to merge with a naked terrorist in order to survive
Really a stand-up, decent, tough guy. He made Lowitt sign the bankruptcy documents rather than being a man about it and acknowleding it happened while he was at the helm. How long has Lowitt been CFO? A week? Fuld has been a piece of shit since day one, but he was in control of the narrative. Until he wasn’t, then we get a bit more of a realistic picture of the man. Ironically, at the root level, they were sunk by a mortgage problem. How many mmore mortgages are now on shaky ground with 25,000 people out of work. Suffice it to say, Dick is a Dick. Full stop.
dealbook says employees will get 6-9 months severance.
@10
You think a bankruptcy judge is going to sign off on 6-9 months severance? Hundreds of millions of dollars that the creditors are in line for? My God, no. The company is busted and owes alot of money. There is no provision for severance, regardless of whatever “bonus pool” LEH might have. A kind judge will give them 2 weeks. I suggest you look at the severance package given to Enron employees. That would be nada.
So has Fuld addressed his troops yet? Time to nut up Dick, and let those who were loyal to the name Lehman, know you are thinking about them.Only their well being matters now,or should, for LEH top brass.
@12
I know where you are coming from, but not a chance Fuld could get away with trying to bullshit that sentiment. His failure to address his people is most telling. Dick is worried about Dick.
Tagged under “Clusterfucks”……hilarious…spit coffee all over work station!!
Dick is in seclusion.
He got a special delivery from Jimmy Cayne, shaved off his eyebrows. Now he is “playing” with his “John Thain” & “Ken Lewis” vodoo dolls.
At an appearance would give us a chance to drag the bastard that sold us down the road behind a Humvee on the Cross Bronx this afternoon
At least an appearance would give us a chance to drag the bastard that sold us down the road behind a Humvee on the Cross Bronx this afternoon
Honestly, as an ex-Lehmanite, my heart goes out to you all Lehman folks.
Dick is a snake–always has been–but he bleeds Lehman green (which is not as good as Dartmouth green, but pretty darn close). Dick tried. This was bigger than Dick. This is a real shame.
EP, excellent!
Figures – Best to all of the Lehman employees… what a mess.
Found a rather interesting article at the Weekly World News. Found a little humor in it all…
Fuld forgets to count!
http://www.weeklyworldnews.com/?p=2686