File this one under poetic justice, or maybe shareholder feedback. Apparently Richard Fuld was trying to work off some of the extra pounds that come from running a company into the ground when a fellow gym member cold-cocked him, knocking him, as they say, the fuck out. Really. Here's the link:
http://www.telegraph.co.uk/finance/financetopics/…
Any bets on whose next???
HAHA...but really I don't think that he deserved it. I mean hindsight is always 20/20 so when you say that he should have sold the other parts of LEH holdings early on...according to the numbers Lehman was doing fine.(albeit not the prevailing wisdom on WSo- a site which all CEOs frequent). Supposedly he spent that entire weekend trying to find a buyer. The person who did it is obviosuly mad for his loss in stock price and maype his job- but Fuld could do little once the wheels were set into motion. I mean...do you really think that the board of directors would have allowed a sale in summer when they thought everything was great? Hell no! But lets blame it all on the CEO, like we did in Enron. For the record Enron stock made up about 90 percent of Kenneth Lay's wealth, and that his net worth in 2006 was in the negative by $250,000
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
LOL
people are going crazy
Arrogant prick!
Damn, I was hoping for a cell phone video of the knock out...damn reading always ruining my fun, lol.
Regards
For the record: completely false.
^HAHAHAHAHAHA
Searching yourself?
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