Lehman Brothers Dick Fuld
Former Lehman Brothers employees keep getting a pitchfork in the butt. The latest round of abuse comes from Dick Fuld, Lehman’s former CEO, in response to a bankruptcy examiner’s report released March 11, 2010.
Ex-employees were understandably pissed by the 2,200 page report. A March 13th Wall Street Journal article titled “Lehman Report Confirms Former Employees’ Suspicions” begins:
“For Ted Larkin, a Lehman Brothers technology executive when the firm collapsed, the revelations from a bankruptcy examiner Thursday reinforced his angry hypothesis: That it only took a few executives to put thousands of people out of work.
“It confirms my feelings that the majority of the firm were honest, hard-working people that suffered from the hubris of a few individuals,” said Mr. Larkin.”
Yet four days later, the New York Post reported that Fuld – The Boss – felt vindicated by the same bankruptcy examiner’s report. The article reads:
“Fuld privately believes that the report by examiner Anton Valukas provides proof that he did nothing illegal as he steered Lehman through a financial mess that ultimately led the firm to file the largest bankruptcy in US history…”
Confused? Let’s give Dick some help.
Dear Dick:
Illegal or not, you have screwed thousands of employees. You have trashed the financial world. The ripple effect has been more like a tsunami. Vindicated? PLEASE go to dictionary.com and read the definition, Dick.
Sincerely,
The Dead Company Club
Laurie Phillips is a member of The Dead Company Club. She hasn’t yet seen a company that was destroyed by excellent leadership.
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