“CEO of Lehman Brothers Richard Fuld just sworn in in Congress. Here comes the grilling.”
October 6 at 9:39 am
- Link
Jeff McNeill, Aaron Strout, Jim McCusker and 11 other people liked this
Ohh goody. Here we go. - Roberto Bonini
Fun.... - Chacha
Since 2000 he's taken home almost half a billion. Congressman asks him: "Is this fair?" - Thomas Hawk
They are quibling over the ammount. He's saying it's closer to $200 million, the Congressman is saying it's $400 to $500 million. Talking about his vacation homes, his helicopter commute, his art collection with million dollar paintings etc. - Thomas Hawk
Congressman says "Wall Street privatized all the gains and socialized all the losses." - Thomas Hawk
Right, because $500 million would be obscene, but $200 million is completely reasonable. *rolls eyes* - Eric P
Eric: Now he's gonna say something about not being greedy. - Roberto Bonini
CNBC: apparently he went to the gym after the bankruptcy failure at Lehman and someone knocked him out cold while he was working on the treadmill. - Thomas Hawk
Any place on the net where one could watch this? - Holger Eilhard
@holger - try http://cspan.org/ - Atul Arora
I suspect he either can't remember, he had no knowledge because his secretary really ran the company, claims Fortune 500 executive privilege, or can't say because it's a national security issue. - todd
@Atul: Thx! - Holger Eilhard
He's not going to say much because there's litigation going on. Fuld seems to be implicating Hank Paulson may have misled him... or he's lying. - Jim McCusker
Unfortunately they're going to get burnt for the, say, next 6 months, then he'll settle down with his millions... :( And the next person is probably already in line to do exactly the same. - Holger Eilhard
Glad I'm not in his shoes. That's one major brow beating he's in for. - Aaron Strout