It seems anxiety from the financial crisis is reaching new highs, but the tipping point for one individual came at the Lehman Brothers gym in the midst of the company’s collapse.
While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.
Lehman board recommended $20 million in executive ‘special payments’ while filing for bailout.
The AP reports that Lehman CEO Richard Fuld admitted to Congress today that he has taken home over $300 million since 2000, “some $60 million in cash compensation.” Furthermore, “executives who feared for their bonuses in the company’s last months were told not to worry,” even as Lehman plead for a federal bailout. Waxman revealed that “the board give three departing executives over $20 million in ‘special payments.’”
I meant all the people who have responded to the original post, btw. (Except mebbe Dys.)
0 Replies
cjhsa
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Tue 7 Oct, 2008 06:31 am
@dlowan,
I support it. One man's vigilante is another man's hero.
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Gargamel
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Tue 7 Oct, 2008 08:22 am
There's nothing wrong with an old-fashioned, playground style beatdown now and then. It can build character for all involved.
In terms of criminal charges, the FBI is already at work, but it's of course a bottom-up investiagtion that will take years, and will ultimately depend on proving those at the top "knowingly" did wrong. Simply being a dumbfuck with bad financial models is, sadly, not a crime.
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