Wall Street has one basic question for Dick...
Ex-Lehman Brothers CEO Dick Fuld made an...
"Why don't you bite me?"
The CEO of Lehman Brothers.
It's that time of the year again when Wall...
As they say, reading is fundamental.
In honour of the U.S. Open.
How Wall Street always gets in trouble.
Lloyd Blankfein's handicap isn't so hot.
[credit provider=”AP”] No matter how many times embarrassing Wall Street emails, conversations or tirades get made public, it never seems to stop.Just this week, we had the Standard & Poor’s analysts’ emails and IM conversations released by the Justice Department in its $5 billion complaint against the credit ratings agency. We also […]
[credit provider=”AP”] No matter how many times embarrassing Wall Street emails or conversations get made public, it never seems to stop.Just this week, we had a British bank exec’s allegedly profane outburst against Americans made public in a complaint from a New York state regulator. We also had an aspiring trader’s […]
Lehman Brothers plans to cut nearly 1,500 employees before it announces its third-quarter results.
One problem with living in Bailout Nation. As soon as potential investors realise that the Fed won’t let anyone fail, they have no incentive to take risk in advance of a bailout.
Dick Fuld has made about half a billion dollars–$466 million–in the past 15 years from Lehman, so the money he’s currently losing while drives the firm into the ground is gravy. But it’s a lot of gravy. The WSJ estimates that Fuld’s fortune has dropped by $650 million since Lehman’s […]
[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Lehman_Brothers_Times_Square_by_David_Shankbone.jpg”] It’s been almost four years since the collapse of Lehman Brothers and now we have access to a huge cache of the bank’s bankruptcy documents thanks to law firm Jenner & Block. [via DealBreaker]Given what happened, you’ll probably find some of the email exchanges between Lehman executives […]
Lehman Brother’s disgraced former CEO Dick Fuld used to talk like a frat boy, according to an email exchange with the bank’s former chief strategy officer David Goldfarb from September 2007.
[credit provider=”screenshot via MIT.edu” url=”http://web.mit.edu/corporation/members/Millard-R.html”] Earlier today, the LA Times reported the jaw-dropping amount of money Lehman Brothers’ top proprietary trader and other employees made prior to the bank’s collapse. In 2007, Robert Millard — who was at the time head of Lehman’s prop trading — was in line to rake in $51.3 […]