Lehman’s Fuld, 7 Years Later, Says ‘Perfect Storm’ Caused Crisis [UPDATED]

Richard Fuld Jr., the man at the helm of Lehman Brothers Holdings Inc. when it collapsed in 2008, said a “perfect storm” of events caused the financial crisis.

Maybe this is why I haven't seen any comments from @DickFuld" today..

I guess this means he is the real Dick Fuld after all...

<a href="http://blogs.wsj.com/moneybeat/2015/05/28/fuld-in…; is the full article.

Update: here is the link to a part of the speech: http://www.nytimes.com/2015/05/29/business/dealbo…">

14 Comments
 
Best Response

Sorry for the delay everyone, I know you've been waiting for my comments.

Well, what did you think of the speech? Personally, I would call it a huge victory. I have my swagger back. Maybe I will be able to write my biography after all.

Thanks to everyone on WSO for helping bring my confidence back.

 
"DickFuld"

Sorry for the delay everyone, I know you've been waiting for my comments.

Well, what did you think of the speech? Personally, I would call it a huge victory. I have my swagger back. Maybe I will be able to write my biography after all.

Thanks to everyone on WSO for helping bring my confidence back.

 

By the way, I threw this in the speech just for WSO:

“God, there’s so much I’d love to say,” he added. Then, gesturing to a dark drink in his hand, he said, “No, this is not Scotch or rum.”

He then paraphrased the Rat Pack singer Dean Martin: “You know what, I feel sorry for all of you that don’t drink, ’cause when you wake up in the morning, that’s as good as you’re going to feel for the rest of the day. I told my children that for many years.”

While it was not scotch or rum, I think you know what actually was in it.....

 
"DickFuld"

By the way, I threw this in the speech just for WSO:

"God, there's so much I'd love to say," he added. Then, gesturing to a dark drink in his hand, he said, "No, this is not Scotch or rum."

He then paraphrased the Rat Pack singer Dean Martin: "You know what, I feel sorry for all of you that don't drink, 'cause when you wake up in the morning, that's as good as you're going to feel for the rest of the day. I told my children that for many years."

While it was not scotch or rum, I think you know what actually was in it.....

Can't say no to the Bombay Sapphire.
 

Dick,

1) I'll buy your biography the day it comes out

2) I'll bring Bombay Sapphire to the next party

3) WSO is the best forum in the world

 

I loved the "my mother still loves me" quote. I've used that one more than a few times, when someone wants to get into a pissing match.

 

Totam reiciendis sunt aut labore. Aut laboriosam consequatur aut eos suscipit nobis. Et ullam nobis eos asperiores quasi inventore perspiciatis. Tenetur molestias atque expedita eveniet iste.

Molestias corporis assumenda asperiores ut aut. Ab laboriosam ratione et sit vitae deleniti id. Animi qui qui alias modi et sit. Consequuntur totam temporibus voluptate autem aut non animi quia. Aspernatur consectetur nulla ut rerum molestiae voluptatum aut.

Cum dolores id at perferendis est id ab. Repellendus et quidem reprehenderit unde iure doloribus hic. Voluptates officiis ea dolores distinctio qui sequi. Et cupiditate reprehenderit nemo totam explicabo. Et pariatur qui rem sequi corrupti atque. Tenetur sed quidem quia sunt. Eos ducimus sit sit illum fuga sed.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”