Posted on 09/19/2008 4:14:06 PM PDT by dragnet2
How much will he make this year?
Question/Comment: Last year Lehman Brothers' CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year?
Paul Solman: I don't know about this year. You've covered last. In 2006, according to Forbes.com, he was the 5th highest-paid CEO in America: "Total Compensation $122.67 mil; 5-Year Compensation Total $375.81 mil."
That's why we NEED the ZOT!
Cheers!
One word only — GREED!
Richard S. Fuld, Jr.
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CEO/Chairman of the Board/Director
Lehman Brothers Holdings, Incorporated (LEH)
www.lehman.com Industry: Finance
OverviewNews
Overview
Mr. Fuld has been Chairman of the Board of Directors of the Company and LBI since April 1994 and Chief Executive Officer of the Company and LBI since November 1993. Mr. Fuld serves as the Chairman of the Executive Committee. Mr. Fuld was President and Chief Operating Officer of the Company and LBI from March 1993 to April 1994 and was Co-President and Co-Chief Operating Officer of both corporations from January 1993 to March 1993. He was President and Co-Chief Executive Officer of the Lehman Brothers Division of Shearson Lehman Brothers Inc. from August 1990 to March 1993. Mr. Fuld was a Vice Chairman of Shearson Lehman Brothers from August 1984 until 1990 and has been a Director of LBI since 1984. Mr. Fuld joined Lehman Brothers in 1969. Mr. Fuld serves on the Board of Directors of the Federal Reserve Bank of New York and is a member of the Executive Committee of the Board of Directors of The Partnership for New York City. He is a member of the International Business Council of the World Economic Forum and The Business Council. In addition, he serves on the Board of Trustees of Middlebury College and NewYork-Presbyterian Hospital, as well as on the Board of Directors of the Robin Hood Foundation.
News from around the Web
Sep 19, 20085 Lessons for the Next Financial Mania (U.S. News & World Report)Sep 19, 2008Lehman boss rejected Koreans’ $5bn rescue offer (Hull & East Riding Mail, UK)Sep 19, 2008Five Dumbest Things on Wall Street: Sept. 19 (The Street)Sep 19, 2008Letter: Brilliant leadership (Salt Lake Tribune)Sep 18, 2008Crisis chief’s pad (The Sun, UK)Sep 18, 2008The bulge-bracket banking chiefs floored by the short sellers (Independent, UK)Sep 18, 2008Richard Fuld Emerges! (New York Magazine)Sep 18, 2008WATCH Daily Show: The Economy And You (Huffington Post)Sep 17, 2008Need a Job? $17,000 an Hour. No Success Required. (New York Times)Sep 17, 2008NY artist records public scorn on Wall Street (Boston Globe)
Video
25 August 2008
Foerster Says Lehman Situation Near ‘Crisis Proportions’
Bruce Foerster, president of South Beach Capital Markets, talks with Bloomberg’s Carol Massar and Erik Schatzker from Miami a... (Bloomberg)
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From http://www.portfolio.com/resources/executive-profiles/Richard-S-Fuld-Jr-24078
Watch it, he is known as the “Gorilla” for a DAMN good reason. This guy has a reputation for jumping up and down and screaming. He is not a small man. When he yells jump people wake up startled from impact with the moon.
Make no mistake... ARod is payed to fill seats and keep the ratings high. He’s been very successful.
I can make a strong case that he is underpayed.
without the Lehman Bros. associates and clientele in the stands, he’ll make about $2m on his next contract. Besides, the Yankees were selling out before he came to town and would without him.
His stock has dropped just like everybody else!
His stock dropped too? Poor guy, I have no idea what he’s going to do with just 500 million he’s made in the past 5 years. He probably took a big hit on the 72 million he made last year.
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