On September 3, 2007, then Lehman Brothers CEO Richard S. Fuld made a profound statement in an email to colleagues, writing "the BRos always wins!!". And while it should've come with a footnote that clarified, "Win like ultimately, but not before we destroy a 158 year-old institution, are run out of Wall Street, become the poster child for stupid decisions that led to the global financial crisis, and are more or less shunned by society." Because after all that, and a number of years of keeping an extremely low profile lest he be recognized in public, things are working out pretty well for Dick Fuld. Some might even say he's "winning."
Last spring, he began hitting the party circuit again. In May, someone actually asked him to give a keynote address at an investing conference, where he discussed the secrets to Lehman Brothers' success. Whole years have gone by since he got into an altercation with another parent at a youth hockey game. And now, he's about to score a nice li'l payday.
Dick Fuld’s Sun Valley, Idaho, estate is hitting the auction block...While the 11-bedroom, 10.5-bathroom home near the famed Sun Valley ski resort was previously offered for $59.5 million, the property is expected to sell for between $30 million and $50 million, according to the listing on Concierge Auction. At the low end of the range, it would still be the most paid for a US residence sold at an auction, according to New York-based Concierge. The auction starts at 8 p.m. New York time.
2015: The Year of the Dick? It just might be.