Lehman Brothers

From Executive Hall of Shame

Jump to: navigation, search

[edit] Richard Fuld

Fuld was awarded $40 million last year (2007), when the firm reported record earnings of $4.2 billion.

"While Mr. Fuld and other Lehman executives were getting rich, they were steering Lehman Brothers and our economy toward a precipice," [Henry] Waxman [D-CA] said. He estimated Fuld earned almost $500 million in compensation during the past eight years, and asked the CEO if his compensation was "fair," given the bankruptcy filing.

Fuld took issue with Waxman's estimate, saying the vast majority came in the form of stock awards. He said the figure was closer to $250 million, and he owned 10 million Lehman shares when the firm went bankrupt.[1]

[edit] Notes/References

  1. ↑ Fuld Blames Lehman's Fall on Rumors, `Storm of Fear' (Update2)
Retrieved from "http://www.executivehallofshame.com/wiki/Lehman_Brothers"
Personal tools