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11/12/15

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 11/25/13. Check out @DickFuld's current AMA here. To see all of our top content from the past, click here.

I was like many of you at one point in my life. I was a non-target student with big dreams. Luckily, I was an extraordinary networker and worked my way into Lehman on the commercial paper desk. It was the best thing that ever happened to me. I breathed the CP market and built a reputation from an early age as someone you should not fuck with.

Fixed income was becoming the lifeblood of our firm and I was at the epicenter of it. Lew Glucksman was a God at our firm. He had his office at the center of our trading floor and used to smoke cigars in his little glass encased office. Usually only coming out to yell at someone for botching a trade. (side note: he once became so angry that he kicked a trash can during the middle of the day and shattered the glass wall of his office) Lew was determined to show these fancy investment bankers how real money was made and he did. He eventually became the CEO, which was virtually unheard of at the time. Traders didn't become CEOs, but times were changing rapidly. I wanted to be him. I bled Lehman green through and through.

I stuck through the firm through the roughest of times. The first wave of shit was when we were bought by American Express. These people really didn't know what to do with us. They sold charge cards and we made mountains of money trading bonds. It was a horrible fit and we all wanted out. We eventually got our wish and spun out in 1994 with me as the CEO. 1998 was another tough time for us...the god damned short sellers were out to get us with the LTCM debacle. We were liquid with solid financials, but they were looking to take us down, but we weathered the storm and it made us stronger. The 2001 terrorist attacks nearly ruined us again, but we pulled together as a team and our clients rewarded us again.

My goal was for Lehman to be the top investment bank in the world and in many respects, that's what we became. But, first, we had to grow and invest in the other parts of our business to give us a more balanced approach to printing money. I invested heavily in the equities business and we sat atop the Institutional Investor equity research rankings for years. I invested heavily in our banking business and we did well there too. I built up an asset management franchise that was capped off by our purchase of Neuberger Berman in 2003. We were a globally diversified company that could provide expertise to virtually any financial problem. Our stock outperformed all of the other investment banks and almost every financial company out there. I was named CEO of the year multiple times because of our success in providing liquidity and solutions to our clients.

As you surely know by now, not everything turned out perfectly for us. We were in a similar position to the other banks in 2007, but the world started coming apart. Politics would eventually be the end of Lehman. Hank Paulson was determined to get us, he was so envious of what we accomplished and didn't want to see us dethrone his beloved Goldman Sachs, which we were all but certain to do. We also had the brother and the cousin of the POTUS on our payroll, which didn't help. So, they made us fail.

Ultimately, do I feel responsibility for what happened? Yes, I do. I will remember what happened for as long as I'm still breathing and I'm sorry that I let down my employees (who I consider family), our clients, and our shareholders. That being said, I'll never forgive those bastards (Paulson, Geithner, Bush) for what they did to the company we all loved. Anyway, there have been a lot of negative things said about me, so I just wanted to get the truth out there.

-- Dick

(PS -- nobody ever hit me in the company locker room, that was a lie designed to sell newspapers)

Comments (253)

11/25/13

I threw the first SB! Heehaw!

http://www.jasonbondpicks.com
11/25/13

Just read some stuff about you the other day. Good luck Dick, and if you ever start up your own Investment Bank shoot me a PM. I'd be happy to come work for you.

11/25/13

Great post. I just googled you! I can not believe you went on here to share your story. BTW, it is very helpful and informative. Thz for posting. You inspired us all

11/25/13
11/25/13

You ever replace that stuffed gorilla you kept in the office prior to 9/11? maybe he went off to start an internet forum for future investment bankers...

11/25/13

This is getting out of hand. Can someone at WSO verify the OP's identity?
To Mr. Fuld, if it really is you, what is your opinion on Mark Walsh?

Too late for second-guessing Too late to go back to sleep.

11/25/13
11/25/13

10/10 Would read again

11/25/13

This is a really fascinating post. What was it that killed Lehman specifically? I had heard a rumor that when Lehman needed cash to pay for its debt and a couple of rival banks (I think specifically Morgan Stanley and Goldman Sachs, I've heard) were holding securities and cash that Lehman owned, but would not allow it to access them, thus forcing the firm into bankruptcy (despite solvency). Can you shed some light on this? Is it based in truth, or complete and utter bunk?

11/25/13

Well played sir

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."

11/25/13

Is this really Mr. Fuld?
Until the day they put me in the ground, I will wonder.

;)

11/25/13

Is this the real Dick Fuld? Just read the Sep Bloomberg Businessweek article on him that kind of makes me feel sorry for him...

11/25/13

Dick, you're still #1 in my book! It's not a coincidence that you started at Lehman as a spivvy repo guy...

11/25/13

Screw Warren Buffett.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.
11/25/13

How'd you feel about Jimmy Woods being chosen to portray you in Too Big To Fail? Who would you have chosen?

patternfinder:

Of course, I would just buy in scales.

See my WSO Blog | my AMA

11/25/13

Are some of you guys really dumb enough to think this is actually Dick Fuld? Have you read any of his other posts?

Still a funny writeup though.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

11/25/13

This has to be fake...

11/25/13
In reply to brandon st randy
11/25/13

brandon st randy:

This is getting out of hand. Can someone at WSO verify the OP's identity?

To Mr. Fuld, if it really is you, what is your opinion on Mark Walsh?

Mark's the best real estate guy in the business, period. Fair to say the SunCal deal didn't turn out great, but literally nobody saw that coming. It's easy to be a Monday morning quarterback, but it's a lot harder to actually play the game.
In reply to Leveraged Bailout
11/25/13

Leveraged Bailout:

This is a really fascinating post. What was it that killed Lehman specifically? I had heard a rumor that when Lehman needed cash to pay for its debt and a couple of rival banks (I think specifically Morgan Stanley and Goldman Sachs, I've heard) were holding securities and cash that Lehman owned, but would not allow it to access them, thus forcing the firm into bankruptcy (despite solvency). Can you shed some light on this? Is it based in truth, or complete and utter bunk?

There were some real problems that were short term in nature. Our mortgage book was fully hedged, so that wasn't the problem. We were at war and some of our competitors couldn't win a fair fight, so they spread rumors about our liquidity and some even pulled lines of credit on us. It was ugly people playing ugly games. I already mentioned my distaste for Paulson and how he misled us. We had great branding with him, but he caved to political pressure at the time. The guy's a fuckin' pussy and I'll never forgive him.
11/25/13

"do I feel responsibility for what happened? Yes"

FAKE

The real Dick Fuld only cares about himself. He needs to man up and own that whole thing, it's the only way to not look like a whiney bitch blaming everyone else for his problems. Stop blaming the gov't for not bailing LEH out. Stop blaming Goldman for managing their risk better. Stop blaming every goddamn thing except the dumb mistakes (40x leverage on speculative positions???) you made. And really, please, for the love of pearl, stop blaming the buy side. Of course they're going after a company when they smell blood, it's what they do, and who's job is it to hold things down when the sharks are circling? And why are they there in the first place?

Sorry to be so mean, but really.

Get busy living

In reply to UFOinsider
11/25/13

@UFOInsider

You have no idea what you're talking about. You've never been to war like me. It's a jungle out there and people couldn't face me head on, so they played dirty. We were a group of underdogs who fought our way to the top and the ingrained players were scared shitless that we were going to eat their lunch. So, they shut us down through rumors and the government did absolutely nothing to stop it. They should be ashamed of themselves. No bank can survive the death-spiral that results from a crisis of confidence, not even the great Lehman Brothers. Freedom of speech does not mean you can yell 'fire' in a crowded room and that's exactly what happened to us.

In reply to DickFuld
11/25/13

DickFuld:

7 minutes in the shower? Impossible to whack it, shave, and soap off in that little time.


http://www.wallstreetoasis.com/forums/what-is-your...
In reply to SonnyZH
11/25/13

SonnyZH:

Screw Warren Buffett.

Agreed. He is the definition of crony capitalist. He didn't sign his sweetheart deal with Goldman Sachs until he got a wink and nod from Hank Paulson that he would not let them fail.
In reply to Sling Shot
11/25/13

Sling Shot:

DickFuld:

7 minutes in the shower? Impossible to whack it, shave, and soap off in that little time.

http://www.wallstreetoasis.com/forums/what-is-your...

It is impossible. It takes me longer to shave than 7 minutes.
11/25/13

Whatever happened to the Dick Fuld that punched a superior officer in the face? Sure you're not supposed to but it's one of the reasons I wanted to work at your shop after school. I respected you because you were a MAN. Now we're hearing "you don't know what it's like".....SO TELL ME, I WANT TO KNOW.

For years now, all I've heard you say is "look at what these people did to us", while being content to hold on to your cash. You acted like a bitch in a divorce. All we heard from you was "poor me, oh look at how mean everyone is".

FUCK YOU.

If you're the real Dick, I want to know what happened to you. You had balls. You were mean. You were tough. You were smart. Everyone was saying that LEH was going to eclipse GS, if they hadn't already. You were a fucking MAN. Now all I hear is excuses. I want to know what the hell happened to the guy I looked up to and wanted to work for.

Dick. Seriously. What happened?

Get busy living

http://www.jasonbondpicks.com
11/25/13

Why is everyone acting like a regular WSO poster is actually Dick Fuld?

In reply to UFOinsider
11/25/13

You're insane.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

In reply to Simple As...
11/25/13

Simple As...:

How'd you feel about Jimmy Woods being chosen to portray you in Too Big To Fail? Who would you have chosen?

I don't watch movies and I don't know who Jimmy Woods is.
In reply to UFOinsider
11/25/13

I'm not divorced. Listen, I'm sure I sound paranoid. But, just because you sound paranoid doesn't mean someone isn't looking over your shoulder. Those bastards were out to get me and nearly brought down the economy to do so. Literally the only major firm to go bankrupt was Lehman, you can't tell me that's a coincidence.

Also, nobody can ever claim that I kept all my cash. I had most of my net worth in LEH and lost nearly $1 billion. I was a true believer.

11/25/13

Dick, this is the one forum on earth that's really going to understand you. Go into detail. Never mind my tone, I just wanted to make sure I had your attention.

Why do you think LEH was singled out? And how were you even in that position?

Get busy living

In reply to DickFuld
11/25/13

DickFuld:

Simple As...:

How'd you feel about Jimmy Woods being chosen to portray you in Too Big To Fail? Who would you have chosen?

I don't watch movies and I don't know who Jimmy Woods is.

patternfinder:

Of course, I would just buy in scales.

See my WSO Blog | my AMA

In reply to holla_back
11/25/13

holla_back:

Why is everyone acting like a regular WSO poster is actually Dick Fuld?


Shh. You're missing the point.

Currently: becoming a clinical psychologist... yep, I quit finance
Previously: M&A consulting (Big 4), M&A banking (MM), business research (HBS)

In reply to UFOinsider
11/25/13

UFOinsider:
Why do you think LEH was singled out?
I've already mentioned why. Hank fucking Paulson had it out for us because he was worried that we would overtake the number one spot from his baby, Goldman Sachs. We also had two relatives of GWB on our payroll, which made it difficult to help Lehman from a political standpoint. It's all politics. We really didn't want to help out during the LTCM crisis and some people used that as a chance for vengeance on us. We didn't do as much business with LTCM as the others did, so we shouldn't have chipped in as much as the other guys. It wasn't right. People have no morals anymore.
In reply to UFOinsider
11/25/13
11/25/13

Fake or not this is a Brilliant post.

-KermitBeee
gurmitbhatia[.]com

11/25/13

It says "John Paulson" in the OP. I call shenanigans.

"They pull a knife, you pull a gun. He sends one of your guys to the hospital, you send one of his to the morgue. That's the Chicago way.

11/25/13

Sooooo, an administration known for inbreeding and nepotism didn't help a company with their relatives on the payroll but they permitted Hank Paulson to hook up his favorite firm? More to the point, how were you guys even in that position? Maybe you really were captain of the Titanic, I get it, but at least go into detail.

To be honest, here's what a lot of us are looking for:
www.youtube.com/watch?v=Fj5k6toS7i8

Without a "YOU'RE GOD DAMN RIGHT I DID IT" moment, a lot of us really just think you're telling the story in a way that indicates hiding from some type of guilt or legal liability.

Get busy living

In reply to UFOinsider
11/25/13

We told the head of our investment management division (GWB's cousin) to call GWB to open up the Fed window. He didn't pick up the phone and I know it's because Paulson told him not to.

I have nothing to hide, which is why I'm here getting the truth out. If it makes you sleep at night, I'll be your bad guy who you can lay blame on for all your problems. But, you're only fooling yourself.

11/25/13

John Paulson? LOL. GWB's cousin didn't call Bush directly on his personal line? You're saying that Hank Paulson had more influence with George than his own cousin? I call bullshit.

Get busy living

In reply to UFOinsider
11/25/13

UFOinsider:
GWB's cousin didn't call Bush directly on his personal line? You're saying that Hank Paulson had more influence with George than his own cousin? I call bullshit.

that's exactly right. Look, who has more influence over you on a day to day basis? Your boss/co-workers or a cousin you've seen twice in the past 13 years? Get a grip.
11/25/13

This is about you, the former CEO and not me, the faceless slave. Let's keep it straight. So you're saying you didn't even try? Wow. You're saying that GWB's cousin had no influence? Are you retarded? He was on a first name basis with the president at the time. How can you not take advantage of that? Do you really expect anyone to agree with you on that point? I'd have to be retarded to see things your way. Whatever dude.

That's not even the main event: how did you guys even let things get to that point? Why did the firm even need help? Did you just suck at your job? Did you get arrogant and lazy?

Get busy living

In reply to happypantsmcgee
11/25/13

happypantsmcgee:

You're insane.


lol...

WSO's COO (Chief Operating Orangutan) | My story | My Linkedin

PM me if you're traveling to Buenos Aires in 2016 (I live here) :-)

In reply to AndyLouis
11/25/13

AndyLouis:

happypantsmcgee:

You're insane.

This. OP, time to take pills. ;)

The Auto Show

In reply to huanleshalemei
11/25/13

Had nothing to do with OP

If I had asked people what they wanted, they would have said faster horses - Henry Ford

11/25/13

Serious contention for thread of the year...

11/25/13
11/25/13

This is probably the best trolling I have ever seen on this site. 10/10

In reply to chicandtoughness
11/25/13

chicandtoughness:

holla_back:

Why is everyone acting like a regular WSO poster is actually Dick Fuld?

Shh. You're missing the point.


Point-missing only adds to the point of thread, I'm laughing so hard my face hurts.
In reply to happypantsmcgee
11/25/13

happypantsmcgee:

Had nothing to do with OP

Some people on here really struggle with common sense.

11/25/13

@ Dick - I never heard you just acknowledge that your firm took too much risk and left their position vulnerable. I never heard you acknowledge on any level that some of that may have been your fault. You can't say you feel responsible without actually taking responsibility. All you've done is try to save face...and that's your problem. Despite what the twits in Washington think, risk taing is actually acceptable in this business, so I wouldn't fault you. None of us would.

Here's what's bothering me: you've done everything you can to make everything everyone else's fault after your company was weakened. THAT's why I'm annoyed with you. If you could man up and just say "hey, I screwed up, I thought our risk profile was ok" or "Hey, I knew we were taking too much risk but I figured we could exit the market in time" or even "yeah, I got totally blindsided", then I could respect you. Instead, all you do is talk about how everyone reacted after things started going bad. You hide behind politics, and you're not even that good at it.

This is about redemption and of course it's uncomfortable, but until you confront this no one will believe you. It's not about a crisis of confidence in the company at this point, it's about a lack of confidence in YOU. You're not a bogeyman to me, I understand full well that things were fucked in 2007. Actually, I think you're a victim on several levels, legitimately. One, you were a victim to making mistakes as a CEO. Two, a victim to everyone else in finance who pounced on LEH. And Three, a victim of Washington. You've discussed the second and third point but you can not come to terms with point one and that is the root of the rage against you. So be it. And so be it if you're "done with me". It really makes no difference at this point.

Until you deal with that first point though: Wall Street is done with you.

Get busy living

In reply to happypantsmcgee
11/25/13

Cmon, last time I talked about MOMA with OP, he was kinda indifferent... How can this be the real dick? :(

The Auto Show

In reply to UFOinsider
11/25/13

Go ahead and live in your little bubble and denounce people who actually played the game. We were in a similar risk position to every other investment bank out there at the time. You need to feed at the trough when the getting is good otherwise you're out the door. We did what we had to do to stay competitive and increase our market share. You would have done the same thing, but you wouldn't have executed as well as I did. All the people that want to demonize me are the same ones that called me CEO of the year just a couple of years earlier. It's just people who have no idea what they're talking about trying to sell papers. And it works. But, it doesn't mean they're right. Even after all the shit I went through, I'm still a wealthy man, I couldn't care less if Wall Street is done with me or not. I wouldn't work there in this overworked and underpaid environment anyway. I mean, there are no bulge bracket investment banks even left, they're all commercial banks. Bobby Lehman would have rather seen us perish than become a commercial bank.

11/25/13

OP post picture of you holding a spoon and a green spatula while juggling oranges for proof

11/25/13

Say what you want Dick, you're just a punk. No amount of money will change that. When you can give a straight answer, you'll be worthy of respect again.

Until then, I'm not angry at you. I'm just really disappointed. Say it aint' so.

Get busy living

11/25/13

Probably going to get shit on for this but here goes:

1) You're most likely a troll. Who writes a pseudo-apology/story about a rise to the top 6 years later?
2) Even if you are "Dick Fuld", you sound like a beta male. "I breathed the CP market and built a reputation from an early age as someone you should not fuck with." Right. In commercial paper. Big man on the street. Watch out everyone.
3) It's not even an apology. You essentially just blame everyone else. Typical "CEO". You're worthless and half a man. That's the only truth in this article. Start taking responsibility for things instead of writing 6 years later about bullshit (that is, if it is "Dick Fuld" (terrible name by the way), which I highly doubt).

11/25/13

Troll post from fake Dick Fuld successful.

Putting this on the FP was an important component to the troll.

I have no idea how this got to the FP.

11/25/13

Also Dick Fuld would know who Bridget was and what happened to Mike during the last year at the firm.

In reply to PutINweRK
11/25/13

PutINweRK:

Probably going to get shit on for this but here goes:

1) it is "Dick Fuld" (terrible name by the way), which I highly doubt).

Probably?

11/25/13

I can cancel some of them out.

I'm sorry, but calling a spoof thread a spoof isn't necessarily an awful thing.

In reply to Bullet-Tooth Tony
11/25/13

Hey, a guy's gotta try sometimes, right?

11/25/13

DickFuld:

I'll never forgive those bastards (Paulson, Geithner, Bush) for what they did to the company we all loved

You're referring to not bailing you out? Yea, it's called Capitalism.

In reply to IlliniProgrammer
11/25/13

IlliniProgrammer:

Also Dick Fuld would know who Bridget was and what happened to Mike during the last year at the firm.

I don't even want to hear about Gelband. As far as I'm concerned Skip and Bart were traitors to the firm. Gelband just has sour grapes because I pushed him out the door. When pushed, he just couldn't produce. Sorry, the truth hurts.
In reply to DickFuld
11/25/13

DickFuld:

I don't even want to hear about Gelband. As far as I'm concerned Skip and Bart were traitors to the firm. Gelband just has sour grapes because I pushed him out the door.


No, in the context of Bridget, Mike is Mike Chu. Head of Research Analytics; about 600 front office employees between the 12th and 15th floors. You'd meet with him and Bridget O'Connor on a regular basis.
11/25/13

@duffmt6 I was wondering the same thing.

Some of you guys probably accept facebook invites from supermodels and compliment them every time they put a new pic on their timeline, etc.

11/25/13
In reply to UFOinsider
11/25/13

I am on a first name basis with GWB. So that's not really a massive achievement.

On a different note, the "well everyone was doing it" excuse is a fucking joke.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

In reply to IlliniProgrammer
11/25/13

Who's this Dick guy everyone is talking about?

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

In reply to companion
11/25/13

companion:

DickFuld:

I'll never forgive those bastards (Paulson, Geithner, Bush) for what they did to the company we all loved

You're referring to not bailing you out? Yea, it's called Capitalism.

How I wish I was young and naive again. Let's talk about how Goldman was bailed out through the bailout of AIG and all the trades they had on with GS that they were magically able to make good on. We were singled out.
In reply to heister
11/25/13

heister:

Who's this Dick guy everyone is talking about?


If you worked at Lehman and someone said Dick, you'd know who folks were referring to.

If you mentioned Bridget in one sentence (Bridget O'Connor was also a first name term for folks in markets) and mentioned Mike in the next, you'd know too.

Context is everything, man.

In reply to IlliniProgrammer
11/25/13

I can honestly say I haven't thought about our tech people one time since the fall.

11/25/13

It was pretty good up until this part...

DickFuld:

Ultimately, do I feel responsibility for what happened? Yes, I do. I will remember what happened for as long as I'm still breathing and I'm sorry that I let down my employees (who I consider family), our clients, and our shareholders.


Yeah, ok...
I mean, Richard Fuld, they had a private elevator. His driver would call Lehman Brothers at the front desk, and the front desk attendant would press a button, and one of the elevators in the southeast corner of the building would become frozen. A security guard would come over and hold it until Mr. Fuld arrived in the back door. He comes in through the back door, so there's only like 15 feet where King Richard Fuld is exposed to the rabble, I guess you'd call us.

http://www.pbs.org/newshour/bb/business/july-dec09...
In reply to IlliniProgrammer
11/25/13

Sarcasm man, sarcasm.

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

In reply to design
11/25/13

Uh..this is, in no way, strange. A lot of senior execs have private elevators and private parking areas. There are actual threats to their security that have to be considered. I'm not saying its right just that this is not at all uncommon.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

11/25/13

Nice post Fuld, keep up the good work. Great to see some top brass posting on WSO, should definitely give the site some decent publicity. Any chance you could also talk to some of your friends (Lloyd, Jamie, Steve, etc) to make accounts also? I could walk them through account registration, setting up a profile, choosing an avatar, etc.

Couple quick questions, especially considering how "people don't have morals anymore" (your words not mine):

1) How do you respond to having requested and received ~$20mn in "special payments" ie (bonuses) for three executives including yourself four days before the Lehman Bros threw in the towel? Does that reflect on your character at all?

2) How did you feel about Lehman's accounting fraud from your Repo 105 shenanigans which violated Sarbanes-Oxley and made your leverage ratios look better? Was this some sort of reflection of your "do not fuck with me" reputation?

3) How do you respond to a poll that named you worst American CEO of all time?
http://www.cnbc.com/id/30502091/page/21

Keep fighting the good fight, Dick...we're gonna make it.

Sometimes I go about in pity for myself, and all the while a great wind carries me across the sky
11/25/13

I know we have addressed this in a previous thread and I could care less about your failings as a CEO but the truth is that you are a little bitch, which has been corroborated by both your former ROTC buddy at CU Boulder (our mutual acquaintance that we PM'd about) and the fact that you managed to get punched in the face while running on a treadmill (and didn't even bother to defend yourself). I also heard that after being pulled away he went back to the rack and finished his sets while you stumbled to eventually get up before meandering over to the showers with your little Richard between your legs. You always try to play the hero (oh, I punched my Air Force commanding officer in the face because another young cadet was being bullied) but we all know the truth. The audacity to come on here and preach to the future of the financial world is worse than your Lehman failure. You're an embarrassment.

In reply to happypantsmcgee
11/25/13

Thanks for pointing out something that should be obvious, that most people just don't understand. Trust me, it really is lonely at the top.

In reply to happypantsmcgee
11/25/13

That's all well and good, but "Dick Fuld" is talking like he's all buddy-buddy with his employees, which is obviously not the case. If you're not even willing to share an elevator with employees (you can ride an elevator with others without compromising security if you're flanked by like 3 or 4 big, burly dudes), what does that convey to the "rabble"?

In reply to design
11/25/13

Have you never had a job before? Every CEO talks like that. One CEO told me he always wanted to work with kids when he grew up. Really? Is that why you worked in consulting and went to Stanford for business school? Its all bullshit that sounds exactly like what the actually Dickhead himself would say.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

In reply to Going Concern
11/25/13

1. Easy. We didn't think we were going under and we needed to retain top talent.

2. I don't know what you're talking about. As far as I know, our books were clean.

3. I can point to many more surveys that named me CEO of the year. Populism rage is a dangerous thing.

In reply to DickFuld
11/25/13

DickFuld:

1. Easy. We didn't think we were going under and we needed to retain top talent.

2. I don't know what you're talking about. As far as I know, our books were clean.

3. I can point to many more surveys that named me CEO of the year. Populism rage is a dangerous thing.

1) It was obvious to any idiot that knew what was going on that you guys had no access to capital.

2) As far as you knew? That's the biggest cop out ever. If you are the fucking CEO you know. Oh boo hoo we had trillions of dollars of shit on our books. If you never spoke with your CFO and accounting executives you have no right being the CEO.

3) CEO of the year? How much did that cost you?

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

In reply to happypantsmcgee
11/25/13

I just think the OP had a little more leeway to be an actual dick in his post. I feel like the reception to the thread would have been more positive if he had come off like the asshole we all know he is.

In reply to IlliniProgrammer
11/25/13

IlliniProgrammer:

Troll post from fake Dick Fuld successful.

Putting this on the FP was an important component to the troll.

I have no idea how this got to the FP.

Coming up next, a two parts series exclusively for WSO readers:

Part 1) Success Story:
How I leveraged my Vietnam military experience to gain admission to a top MBA finance program
And part 2)
Ask Me Anything: Post-MBA star bond trader at BB taking questions on S&T, exit opportunities and beyond

By Jon Stevens Corzine

Too late for second-guessing Too late to go back to sleep.

In reply to junkbondswap
11/25/13

With that level of anger, I assume you must have been corn-holed by Joe Gregory. I can't imagine why you'd be so upset with me otherwise. I don't know you.

Nobody punched me in the face at the Lehman gym, that is an unadulterated lie.

In reply to heister
11/25/13

heister:

DickFuld:

1. Easy. We didn't think we were going under and we needed to retain top talent.

2. I don't know what you're talking about. As far as I know, our books were clean.

3. I can point to many more surveys that named me CEO of the year. Populism rage is a dangerous thing.

1) It was obvious to any idiot that knew what was going on that you guys had no access to capital.

2) As far as you knew? That's the biggest cop out ever. If you are the fucking CEO you know. Oh boo hoo we had trillions of dollars of shit on our books. If you never spoke with your CFO and accounting executives you have no right being the CEO.

3) CEO of the year? How much did that cost you?

1. Are you kidding? This is exactly what I've been talking about. The competition couldn't hack it and started slinging rumors like monkey shit. What you regard as the truth was nothing but a lie. You probably think the government doesn't spy on people either.
2. There were 26,000 employees at our firm, I don't know when every person there takes a dump. Sorry, that's just not realistic.
3. It didn't cost me anything. I received a lot of them.
11/25/13

The volume of comments and level of thought/tension in them is unlike most troll posts I've ever seen. Nicely done.

11/25/13

This post was hilarious this morning and is only getting better. Great troll post.

patternfinder:

Of course, I would just buy in scales.

See my WSO Blog | my AMA

11/25/13

I know how we can settle this once and for all. @DickFuld

Was the toilet seat in your private bathroom solid gold, gold plated, or gold plated and heated?

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

11/25/13

I think Lawrence McDonald would characterize you as an asshole who didn't give a shit about Lehman or its employees.

"The power of accurate observation is commonly called cynicism by those who have not got it." - George Bernard Shaw

In reply to DickFuld
11/25/13

I'm not upset I just think you are an ass and primarily blame you (and Barney Frank) for the entire financial meltdown and the decline of my neighbor's home value (and subsequent foreclosure) and 401-k decline. Also, I never claimed to know you just mentioned that we had a mutual acquaintance. I also understand why you wouldn't remember "when you got knocked the fuck out" (to quote Smokey and the senior source that reported on the matter to page 6).

You Sep 12 2013 - 10:06am Delete Block Flag Post

Good morning. Obviously, I thought your username was just a joke but you mentioned something in a recent thread that made me believe otherwise. I mentioned it to my friend's father, [redacted], the other day when we were out to lunch in Scarsdale as he had talked about being in a club with you at CU. He sends his regards and mentioned that he would see you around Yom Kippur? Anyways, very cool to have you as an active member on the site.

DickFuld Sep 14 2013 - 6:46pm Delete Block Flag Post
JBS,
The name definitely rings a bell but he is not really part of my social circle anymore although we were good buddies in college. Definitely enjoying the site although I must admit kids seem a bit wetter behind the ears than I remember.
Best,
DF

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