A Financial Story To Warm Your Hearts - Lehman Bros related

Discussion in 'Current Affairs, News and Analysis' started by Virgil, Oct 8, 2008.

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  1. CNBC Confirms Lehman CEO Punched at Gym


    Network verifies reports Richard Fuld was attacked for financial institution's bankruptcy.

    By Jeff Poor
    Business & Media Institute
    10/6/2008 3:59:29 PM

    It seems anxiety from the financial crisis is reaching new highs, but the tipping point for one individual came at the Lehman Brothers gym in the midst of the company’s collapse.

    While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.

    “Frankly, I sat there and listened and I’m with the guy who apparently, the day before Barclays announced they were coming in and Lehman had already filed for bankruptcy, went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,” Ward said on the Oct. 6 “Power Lunch.” “I didn’t think he was contrite at all, I thought he was arrogant.”

    Ward confirmed previous reports about the incident that reportedly occurred Sept. 21 and said the information came from “two very senior sources.”

    “From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.”

    Ward determined Fuld deserved the beating based on his testimony before the committee.

    “I thought he was shameless,” Ward said. “I thought it was appalling. He blamed everyone. He blamed, as you say, ‘naked short sellers’ over and over in case we didn’t get the point, when in fact hedge funds like Harbinger had money locked up in Lehman and was shorting it to try and make the most of the money that they already had. He blamed everybody but himself.”

    Lehman Brothers filed for bankruptcy in September 2008 and its assets were later snatched up by the British bank Barclays for $1.35 billion, which included Lehman’s Midtown Manhattan office tower with a $960 million price tag.
     
  2. Virgil

    Not much of a win really when the cnut gets to keep the $300m. :roll:
     
  3. I bet the necky cnut claimed for the treatment on the company healthcare plan as well. $300m just can't be enough to buy his own band feckin aids.
     
  4. Should have strung him up on a weight machine cable
     
  5. Fuld is alleged to be a punchy tw@t. Good for whoever it was. 75% of Lehmans Value was it's Manhattan office?

    Empty vessels indeed
     
  6. Gentlemen, the posters of Arrse have fallen far short of the expectations I had for this thread.
     
  7. Perhaps if you'd posted on Fulds' previous fight experience as well Virgil? He allegedly likes them smaller and older than himself too.

    I hope it hurt like buying his own lunch when he finally got one back in the face.
     
  8. Virgil its OK - we are just jealous of whoever did the bitch-slapping. Personally a heavy boot the bollox would have been my preferred option but hey-ho!
     
  9. Dick Fuld's first career as an Air Force pilot came to an abrupt end when he got into a fist fight with a commanding officer. Fuld was said to have been defending a young cadet who was being taunted by the senior officer.

    http://en.wikipedia.org/wiki/Richard_S._Fuld,_Jr.