Richard Fuld: Why Lehman Brothers Went Under

File and the three stooges of CEO Risk

Fuld is human and made mistakes. Have you seen this whitepaper on what Lehman's board could have done to manage executive risks? Http://www.scientificleader.com

Matt Barney of CA @ Nov 06, 2008 14:52:27 PM

confusing

what kind of business plan did they have?

without thinking if incase these scenario happen, do they have a plan for this?

john ken buen of @ Oct 13, 2008 22:42:34 PM

CRIMINALITY OF CEOS

IT IS IMPORTANT FOR THE NEW PRESIDENT TO USE ALL THE POWER OF

THE FEDERAL GOVERNMENT AND THE JUSTICE DEPARTMENT TO MAKE SURE

THAT THE GROSSLY PAID EXECUTIVES THAT COMMITTED FRAUD , ARE

PROSECUTED TO THE FULLEST EXTENT OF THE LAW . IF YOU CONSIDER

THE CONSEQUENCES OF WHAT IS HAPPENING TO SO MANY MILLIONS OF

PEOPLE , THIS SHOULD GO DOWN IN HISTORY AS ONE OF THE GREATEST

CRIMES OF ALL TIME .

I HAVE NO DOUBT IN MY MIND THAT SERIOUS CRIMES WERE COMMITTED

HERE , MAINLY FRAUD BY DISTORTING INFORMATION ABOUT COMPANIES

THAT THE HIGH DOLLAR EXECUTIVES KNEW THE FACTS ABOUT BUT FAILED

TO DO THE RIGHT THINGS TO KEEP SO MANY PEOPLE FROM LOSING SO

MUCH MONEY .

I WILL NOT BE SATISFIED UNTIL I SEE SEVERAL PEOPLE GO TO JAIL

FOR MANY YEARS FOR WHAT HAS BEEN DONE HERE .

SERGIO R. BUSTAMANTE of MD @ Oct 10, 2008 16:43:38 PM

government late again

For the last 4years us fools at coffee would say can you believe they are giving homes to people without down-payments which drove housing prices in California to un-heard of levels. They actually encourage it because the tax base is based on a homes selling price and they need the money to cover the crazy pensions of a retired government worker. Now what are they going to do. we pegged bankers and we had 20 to 30 % down. They should tap the government pension plans with bailout money and maybe they would pay more attention. Just a joke to watch the jerks in these trials with all the ideas which now do not even matter.No one is going to bail me out of my recent losses.

Art of CA @ Oct 09, 2008 07:34:21 AM

share

what is the next strategy to save the shares. Is it going up or down from $0.15 in near future because your estimation is that it will go $ 8 at the end of this year.

saad of OH @ Oct 07, 2008 16:09:34 PM

He's a CROOK....and he knows it !!

These greedy people who don't care about anyone but themselves need to be thrown in JAIL forever. I don't care what he says...he knew his decisions were bankrupting his company, but he didn't care as long as he got his $$$. Throw him in jail next to O.J.Simpson....they're two of a kind.....LIARS !!!

BC of OR @ Oct 07, 2008 15:32:14 PM

well said short memory

I think Executives in massive companies are like Running Backs in the NFL. With running backs (aside from fumbling) if they do well, they are Brilliant runners. If they do poor; it's the Offensive Lines fault.

But either way both will most likely walk away with a ton of money.

yep! of PA @ Oct 07, 2008 15:17:24 PM

Jail time due, just like Enron execs

The only reason Fuld said he takes full responsibility is because he wants to reduce the jail time that he BETTER get! WaWa...I don't want to hear excuses. You got paid $60Mil a year to make decisions, clearly you made a lot of bad ones. You're a self-serving hypocrite...just like all the others. P.S. I want my $60mil/year back and I want you in jail.

Kathy of MA @ Oct 07, 2008 11:40:22 AM