Kathleen Fuld: Shopping in Secret

Back to blog

Lie

I know for first hand that this story is a lie. It is created by some small person who wanted to feel larger by making up something about famous person to get attention and feel important. I am amazed how much publicity such untrue story created.

First hand of NY @ Feb 02, 2009 01:42:27 AM

well...

Dick and his staff also proved to be arrogant and... wrong when they thought it was the right time to double the firm's exposure to subprime assets whilst the whole Street was running away from it. Too bad nobody helped LB to survive, I guess one of these banks had to pay. At the end of the day the boss is responsible for his mistakes. He knew the risk, he ignored it, he did not take the decisions he should have taken, i.e. selling all or part of the business right on time. No regrets, no compassion for him. However, his wife can spend what she wants where she wants, it's their business, not mine, and I just don't care. I however do care about the tough times we've been through since 9/15 thanks to this guy and the old crew beside him who all thought they were smarter than the market.

J'ai dit.

David of NV @ Jan 07, 2009 18:07:44 PM

Media Madness

Richard Fuld not only worked for Lehman bros. for over forty years, but he also invested his own money in the company, which shows he had good faith in Lehman bros. and is made the scapegoat because of the world market collapsing.

Although a very rich man, he lost most of his wealth with the demise of Lehman Bros.

He is Not a crook and is unfortunately a victim of the financial turmoil that most of the world is suffering from.

jack halford @ Dec 19, 2008 19:08:09 PM

the Fuld's

I believe that if they earned it, they should be able to spend it as they please. You have to remember that Richard Fuld worked for Lehman Bros for 42 years. He had turned around the company twice before. Probably could have done it again, had he had received the necessary injection from the Treasury Dept.

So why does the media have to make the Fuld's look like bad villans.

Joe of CA @ Dec 18, 2008 22:42:42 PM

Back to blog

Add Your Thoughts
About You

Luxe Life

Luxury is no longer the sole province of the elite. Upscale goods and services now target a much broader market. Kimberly Castro, deputy business editor of U.S.News & World Report, takes a look at the luxe life, from fine wines and cars to high-end real estate and wealth management. Though no elitist, Kim does admit a fondness for a bold bottle of Scout's Honor from Venge Vineyards and satiating her wanderlust in Europe.

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!