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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Richard Fuld

Richard Fuld stories: 22 news summaries

1 - 20 of 22 Stories | 1 2 Next >>

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(Newser) - Who says journalism is dead? Sure, newspapers are slashing newsroom staff and shutting down bureaus, Simon Dumenco writes in Advertising Age, but there’s still one booming sector: hate. “Everything is a hate beat these days, because everybody is consumed with hating on everybody else.” And you... More »

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media • Michael Vick • journalism • reporter • Richard Fuld • newspaper industry • Jon and Kate Plus 8 • Jon Gosselin • Kate Gosselin • old media • hate • beat

Fuld: 'I Was Whipping Boy'
for Lehman Failure

Lehman's last CEO steels himself for anniversary of firm's collapse

Sep 8, 09 1:58 AM CDT
(Newser) - Former Lehman CEO Richard Fuld is ready to get dumped on again as the anniversary of the company's collapse nears, he told a Reuters reporter. Fuld was widely blamed for leading Lehman into the biggest bankruptcy in US history, although former execs are still bitter that rivals Bear Stearns, Merrill... More »

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CEO • Lehman Brothers • Richard Fuld • financial crisis

OPINION

 Magna Cum Fraud: 
 Top Schools for Scoundrels 

People behind financial crisis went to same universities

Mar 24, 09 2:33 PM CDT
(Newser) - Many of the bigwigs involved in the financial crisis went to the same few elite schools, notes Joe Weisenthal in Business Insider. Maybe, he writes, when the crisis begins to fade, we’ll think twice about having another Harvardian or MIT grad running things. Among the offending institutions:
  • New
... More »

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education • CEO • list • New York University • universities • politician • Richard Fuld • financial crisis

Chrysler, Merrill CEOs Passed Houses to Wives, Too

Fuld not the only one hiding assets

Feb 9, 09 1:42 PM CST
(Newser) - Dick Fuld’s wife isn’t the only one getting a discount mansion. Chrysler CEO Robert Nardelli and ex-Merrill Lynch honcho Stanley O’Neal have followed Fuld’s lead, handing their multimillion-dollar homes to their spouses, according to property records obtained by the New York Post. Such... More »

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Chrysler • Merrill Lynch • Lehman Brothers • Robert Nardelli • Stanley O'Neal • mansion • Richard Fuld • financial crisis

Wall Street's Hottest Jobs? Lehman Bros

Bankruptcy experience is the skill set of the future, execs say

Feb 2, 09 7:00 AM CST
(Newser) - Wall Street's hottest jobs in 2009 are coming from its biggest disaster of 2008—Lehman Brothers, the Wall Street Journal reports. Lehman still has billions of dollars in assets and contracts to untangle and restructure, and Wall Street's legions of laid-off execs are keen to get a piece of the... More »

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Wall Street • bankruptcy • employment • Lehman Brothers • restructuring • financial sector • Richard Fuld

 Lehman CEO 
 Sells Mansion to 
 Wife—for $100 

But Fuld's attempt to evade creditors may not work

Jan 26, 09 6:44 AM CST
(Newser) - The housing market is weak, but the $13 million mansion of fallen Lehman CEO Richard Fuld on the Florida coast fetched just $100 last November, reports Reuters. So who forked over the C-note for the seaside property? Fuld's wife Kathleen, famous for carrying her Hermès purchases in generic shopping... More »

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Florida • real estate • bankruptcy • Lehman Brothers • Richard Fuld • Kathleen Fuld

GLOSSIES

 2008 Hall of Infamy
Inductees 

A month-by-month gallery of the year's most ignominious figures

Dec 25, 08 8:21 PM CST
(Newser) - As we look back at the great people who made their mark this year, let us not forget to document the schlubby, the sneaky, and the just plain criminal. Vanity Fair has done the legwork, rounding up a month-by-month rogue's gallery. Some highlights:
  • January: Rudy Giuliani's Florida
... More »

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Rudy Giuliani • Robert Mugabe • politics • Eliot Spitzer • Carly Fiorina • Lipitor • Radovan Karadzic • Rod Blagojevich • Mark Penn • scandal • Robert Jarvik • He Kexin • Richard Fuld • Joe the Plumber • Best of 2008

(Newser) - It's not been the best of years for the titans of Wall Street: a few federal bailouts, a housing collapse, and now a Ponzi scheme of mind-boggling proportions can do that. "Where did all that money go?" wonders the website wowOwow.com. And it has a partial answer: Straight... More »

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CEO • James Cayne • Angelo Mozilo • Stanley O'Neal • John Thain • mansion • bankers • Daniel Mudd • Richard Fuld • Bernard Madoff

CEOs Took Billions
Off the Table Before Bust

15 financial, home building bosses made over $100M

Nov 20, 08 8:55 AM CST
(Newser) - Investors have lost some $9 trillion since last year’s stock market peak, but at the center of the maelstrom, CEOs of some of the worst-performing companies are sitting pretty. Fifteen financial services and homebuilding CEOs have accumulated more than $100 million each in the past 5 years in cash... More »

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executive compensation • Goldman Sachs • CEO • Bear Stearns • Lehman Brothers • financial services • Toll Brothers • financial sector • Richard Fuld

 Major Works 
 Fail to Sell 
 at Christie's 

Dismal auction season continues as Bacon fails to find buyer

Nov 13, 08 9:16 AM CST
(Newser) - The art world bust continued last night at the Christie's contemporary auction in New York, where almost a third of the 75 works on the block went unsold. Not a single collector bid for the highlight of the sale, a self-portrait by Francis Bacon estimated to sell for around $40... More »

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art market • contemporary art • art • Christie's • Francis Bacon • Lehman Brothers • art auction • Richard Fuld

 Disgraced Lehman CEO Fired 

Face of the financial crisis 'terminated,' will stay on board of directors

Nov 6, 08 3:13 AM CST
(Newser) - Lehman Brothers boss Richard Fuld, who led the giant 158-year-old Wall Street brokerage firm into bankruptcy, has been abruptly terminated. The 62-year-old Fuld, who earned $484 million from Lehman over the last eight years, won't receive a bonus or severance payments, but will keep his salaried post on the board... More »

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Lehman Brothers • Richard Fuld • financial crisis • Avatar New York • U.S. Bankruptcy Court • Thomas DiNapoli • termination

US Probes of Lehman May Include Fuld Subpoena

NY, NJ prosecutors convene grand juries to investigate stock-offer fraud

Oct 17, 08 2:18 PM CDT
(Newser) - Lehman Brothers is getting the evil eye from three different US attorneys, who have convened grand juries to investigate the failed investment bank, Bloomberg reports. Prosecutors are particularly interested in a $6 billion stock offering made in June, and suspect Lehman was not straightforward with investors about the financial health... More »

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US attorney • investigation • bankruptcy • Lehman Brothers • credit crisis • grand jury • Richard Fuld

OPINION

How Much Will Wall Street Pay Itself Now?

The banker bonus culture encourages CEOs to take big risks

Oct 7, 08 12:07 PM CDT
(Newser) - Richard Fuld has made roughly $480 million since 2000 as he piloted Lehman Brothers to total ruin, according to one congressman at his testimony yesterday. “I have a very basic question,” he said. “Is this fair?” Many shareholders are wondering the same thing, writes Andrew Ross Sorkin... More »

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Congress • Wall Street • executive compensation • banks • Richard Fuld

Congress Gets Ugly Portrait of Lehman's Last Days

Investment giant knew of liquidity concerns, gave out $5B in bonuses

Oct 6, 08 2:04 PM CDT
(Newser) - Lehman Brothers’ departing executives were negotiating millions in bonuses while the bank begged for taxpayer money to avoid bankruptcy, a House committee finds after reviewing documents. At a hearing today on Capitol Hill—the first on the financial crisis—the investment firm was painted as one run by irresponsible leaders... More »

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Henry Waxman • Congressional hearings • House of Representatives • Lehman Brothers • Richard Fuld • financial crisis

Lehman CEO's Art Collection Goes Up for Sale

Richard Fuld's wife puts $20M in prized drawings on the block

Sep 27, 08 9:16 AM CDT
(Newser) - A $20-million collection of abstract expressionist drawings belonging to Lehman boss Richard Fuld and his wife is to be sold by Christie's, Bloomberg reports. Fuld's net worth has taken a whack with the collapse of Lehman stock; the sale, which includes 3 de Koonings, was anounced 4 days after the... More »

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art • Christie's • Lehman Brothers • art collector • art auction • Richard Fuld

(Newser) - The financial world has been rocked to its foundations in a few short days, with a handful of men making momentous decisions. The Wall Street Journal outlines the key players.
  • Henry Paulson. No Treasury chief has wielded such power. He decides whether big firms live or die via federal
... More »

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Wall Street • Bank of America • Henry Paulson • Merrill Lynch • Kenneth D. Lewis • John Thain • Richard Fuld • financial crisis

ANALYSIS

Thain Made
Most of Merrill's Ugly Position

CEO proved wiser than Wall St. colleagues,
has $50B to show for it

Sep 16, 08 2:34 PM CDT
(Newser) - As the credit market self-destructed, Merrill Lynch and Lehman Brothers faced similar problems. The difference, Henry Blodget writes in Slate, is that Merrill’s John Thain played his cards right, and Lehman’s Dick Fuld didn’t. Brought in to clean house after Stan O’Neal’s high-risk strategy exploded,... More »

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Merrill Lynch • Lehman Brothers • John Thain • Richard Fuld

 Lehman Files 
 Biggest Chapter 11 Ever 

Bankruptcy sends shockwaves through financial world

Sep 15, 08 7:42 AM CDT
(Newser) - Lehman Brothers gasped its last breath this morning, filing for Chapter 11 protection in Manhattan under a crushing $613 billion in debt, the largest—and potentially most frightening—bankruptcy in US history, reports Bloomberg. Experts say the filing is likely to trigger a domino effect in the US economy. More »

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Bank of America • Barclays • bankruptcy • Merrill Lynch • Lehman Brothers • Richard Fuld

analysis

 Lehman: Finding 
 a Buyer Will Be Tough 

Experts worry there may be no one that can put the big deal together

Sep 11, 08 8:30 AM CDT
(Newser) - Lehman Brothers is in the same bind as home sellers in a tight real estate market: they have a great asset for sale, but nobody has the money to buy, reports Bloomberg. The bank hopes to auction 55% of its asset-management fund, but experts say interested investors may not be... More »

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Lehman Brothers • LBO • subprime crisis • spin-off • Richard Fuld

 Lehman to Sell Off Assets; 
 Faces Record $3.9B Loss 

Company to dump commerical real estate holdings, slash dividens

Sep 10, 08 8:09 AM CDT
(Newser) - Facing a record third-quarter loss of $3.9 billion, beleaguered investment bank Lehman Brothers is planning a fire sale of assets to help shore up its sagging capital base, reports the Wall Street Journal. The company said it would spin off its commercial real estate holdings, and auction of... More »

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Lehman Brothers • writedowns • investment banks • Korean Development Bank • Richard Fuld

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