Richard S. Fuld Jr.

Richard S. Fuld Jr.
Chairman & CEO of Lehman Brothers
In office
1 April 1994 – 15 September 2008
Preceded byPeter G. Peterson
Succeeded byPosition Abolished
Personal details
Born
Richard Severin Fuld Jr.

(1946-04-26) April 26, 1946 (age 78)
New York City, U.S.
SpouseKathleen Ann Bailey[1][2]
Children3
EducationUniversity of Colorado (BA) (BS)
New York University (MBA)[3]
Salary$22,030,534 (2007)

Richard Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final chairman and chief executive officer of investment bank Lehman Brothers. Fuld held this position from 1 April 1994 after the firm's spinoff from American Express until 15 September 2008.[4] Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008,[5] and subsequently announced the sale of major operations to parties including Barclays Bank and Nomura Securities.

Fuld was named in Time's "25 People to Blame for the Financial Crisis" list[6][7] and in CNN's "Ten Most Wanted: Culprits of the Collapse".[8] Fuld was nicknamed "the gorilla" for his intimidating presence.[9]

  1. ^ Schlager, N.; Torrado-Caputo, V.; Mazurkiewicz, M.; Schlager Group (2005). International directory of business biographies. Vol. 2. St. James Press. ISBN 978-1-55862-557-0. Retrieved December 15, 2014.
  2. ^ Vanity Fair: "Lehman's Desperate Housewives" By Vicky Ward April 2010
  3. ^ Forbes.com
  4. ^ [1]
  5. ^ Lehman files for Chapter 11 bankruptcy, TheStreet.com, September 15, 2008
  6. ^ "25 People to Blame for the Financial Crisis - TIME". Time. Retrieved October 28, 2020.
  7. ^ "25 People to Blame for the Financial Crisis". Time. February 11, 2009. Archived from the original on February 15, 2009. Retrieved March 28, 2013.
  8. ^ "Culprits of the Collapse", ac360.blogs.cnn.com; accessed February 27, 2014.
  9. ^ "Lehman CEO Fuld's hubris contributed to meltdown". Reuters. September 14, 2008.