Posted on 10/07/2008 7:42:43 AM PDT by meandog
Richard Fuld, the disgraced head of Lehman Brothers, was punched in the face in the office gym amid the bank's collapse.
Mr Fuld, who has been testifying on the financial crisis before the US House Oversight Committee, was attacked on a Sunday shortly after it was announced that the banking giant was bankrupt.
Following rumours that the incident had occurred, Vicki Ward, a US journalist, said "two very senior sources - one incredibly senior source" had confirmed it to her. "He went to the gym after ... Lehman was announced as going under," she told CNBC. "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 [Mr Fuld's testimony to the committee], I'd have done the same too."
"I thought he was shameless ... I thought it was appalling. He blamed everyone ... He blamed everybody but himself
(Excerpt) Read more at telegraph.co.uk ...
Not suprising.
Good. Now somebody needs to bitch slap Barney Frank.
An honest solid, masculine punch in the nose just doesn’t seem appropriate.
I hope the thug was arrested.
Buy that guy a drink!
Not sure whether you mean Fuld or the other guy. It relates to both...
And promptly given a public service award.
Maybe he should PAY for a membership in another gym not use the FREE gym in his office building.
“Good. Now somebody needs to bitch slap Barney Frank.”
He might like it. He’s a naughty, naughty queen in more ways than one.
I’d like to do that to 3/4 of the US Congress.
L
Before defending "Dick" Fuld too aggressively you ought to know a bit about his background and penchant for getting into brawls. He was kicked out of the U.S. Air Force for punching his commanding officer (he claimed he did it because the c.o. was "taunting" a cadet that Fuld had befriended, however, reliable testimony from his USAF squadron suggests that the commander was "disciplining" the Academy cadet for non-performance of duty). He also got into a fist fight with another father over a hockey game in which their two sons were playing.
His luck may yet run out and then he'd be lucky to be swinging by his heels and not some other part of his body.
“I hope the thug was arrested.”
What a puss post.
You are too funny. The idiot runs the company into the ground, people lose their jobs, pensions, he gets filthy rich doing it....and your worried about poor, poor Dickie Fuld. This guy's lucky that's all that has been done to him to date. A punch in the face just does not seem like enough....
Even bigger than a punch in the face, to me anyway, is spending stock holders and investor’s money on an office gym...And of course staff to run it sounds more like a government operation.
Richard Fuld...poster boy for “reversal of fortune” (although he’s
still purty derned rich...which might also be another “reversal
of fortune if he ends up facing criminal and/or civil lawsuits)
From Fuld’s wikipedia profile (can’t get the link to work...
makes me wonder if Wikipedia sometimes blocks link via FR?)
“
In 2006, Fuld was named #1 CEO in the Brokers & Asset Managers category, by Institutional Investor magazine.[citation needed] In 2007 he received a $22 million bonus.
“
“You are too funny. The idiot runs the company into the ground, people lose their jobs, pensions, he gets filthy rich doing it....and your worried about poor, poor Dickie Fuld. This guy’s lucky that’s all that has been done to him to date. A punch in the face just does not seem like enough....”
Not sure when people here broke against capitalism and for mob rule. He lost 100s of millions in the bankruptcy. Sometimes things go bust. It’s called capitalism.
The Senate comes to mind..Poppas assess!!!!
He should be givin a medal
sniffle....sniffle...pay backs a bitch when you play fast and loose with peoples money, careers, pensions.
I hope the perp is tried for battery. I hope the CEO is tried for treason.
Bears repeating...LOL
I happen to agree with you. You don’t get to punch people just because they do something you don’t like. Kind of creepy that people thing it’s funny.
It is important to teach children to be willing to and want to be held to account. It is important to elect leaders who have demonstrated that desire to be held to account, and promote employees who demonstrate they are willing to be held to account, and to refuse to deal without significant protections with those who refuse to be held to account.It's a CHOICE to be accountable.
Only those who CHOOSE to be held accountable can be held accountable.
Creepy...no. Schadenfreude mixed with justice...yes.
Fuld's going to have to spend a bunch of bucks on private security, which will add a few jobs to the battered economy of New York.
What's happening in big-business boardrooms across this country bears little resemblance to capitalism. This guy and others like him have been exposed as grifters - producing nothing of value, gaming a system of their own creation, and looting the corpse on the way out the door. This guy bears zero resemblance to a man who builds a company from nothing with sweat and smarts, guides it to success, and then reaps the rewards. There's a difference between being a hard-nosed capitalist and being a agent of destruction.
Frankly, I think the world would be a better place if the Masters of the Universe, obviously immune from financial and legal consequence, had reason to be afraid of being cold-cocked at the gym as a result of their malfeasance.
He however, reaped millions of other people's dollars in the process...
This man’s conduct was despicable. He provided himself with a financial lifeboat, while allowing those under him to sink. Anyone studying his actions can find but one word for them: dereliction of duty. The only similar event that comes to mind is an event that never happened. During the worst of the fighting in Vietnam, Lt Col Hal Moore (later Lt Gen) was ordered to attend a press conference. Moore refused, caring more for the safety of his men than his personal advancement. It is a shame that those on Wall Street lack the same integrity.
I am sorry to say that Fuld was not arrested. Oh, you meant the weight lifter...
Wow, you’re actually defending Fuld ....and here I thought Ramussen’s 7 point lead for B.O. in Florida was the most ridiculous item of the day ....
Right after horse whipping Bernanke and Paulson.
Ma'am, sometimes rough justice really is the best justice.
And then drawn and quartered. In a more civilized time they knew how to deal with maggots like Fuld.
Well, it is only Tuesday.
“Wow, you’re actually defending Fuld ....and here I thought Ramussen’s 7 point lead for B.O. in Florida was the most ridiculous item of the day ....”
I’m not defending him accept from physical violence. The guy tanked his company. Sometimes these things happen. It’s called capitalism. The board should have dumped him before it came to this. They are equally culpable.
That’s a long stretch going from the physical comeuppance to an individual, to mob rule. Relax.
BTW, he lost millions... and still got away with around $90 million.
What Fuld was engaging in was not capitalism. It was criminal.
L
This country is full of hungry lawyers. Watch for some big lawsuits that go after these folks' personal wealth.
Think it can't happen? With both parties now innovating, judges will soon be playing to the mob.
Arrest him???? Give that guy an award.
I was commenting to a friend that I wouldn't at all be surprised to see a bunch of CEO and CFO types be held more personally accountable
That would be nice. It would add some morality to the market.
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