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Richard Fuld

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ENTERTAINMENT
May 23, 2011 | By Walter Hamilton, Los Angeles Times
Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down. " He's referring not to the stock market, which already was plunging as the global financial crisis struck in late-2008, but to the entire U.S. economy as the conflagration on Wall Street threatened to spread far wider. I covered Wall Street for The Times during that period, and the movie accurately depicts the panic that gripped the Fed and the Treasury Department — and eventually a slow-to-comprehend Wall Street — as they scrambled to avert another Great Depression.
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BUSINESS
April 27, 2012 | By Andrew Tangel
A former Securities and Exchange Commission official said greater disclosure of investment banks' highest-paid employees - aside from corporate officers - would not necessarily aid shareholders. Lynn Turner, who was the SEC's chief accountant from 1998 to 2001, said knowing top employees' compensation packages is not as important as knowing how much risk they are taking on and what companies are doing to mitigate those risks. "People in America get way too carried away with wanting to know what everyone else's salaries are," Turner said.
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NATIONAL
January 26, 2009 | TIMES WIRE REPORTS
Richard Fuld, chief executive of Lehman Bros. Holdings Inc., sold his $13.3-million mansion to his wife for $100 in November, according to Florida real estate records. The 62-year-old executive, who could face civil lawsuits after overseeing the storied investment bank's collapse into Chapter 11 proceedings in September, transferred ownership of the 3.3-acre seaside home to Kathleen Fuld on Nov. 10, records show. The couple had jointly bought the home for $13.8 million in March 2004, as first reported by Cityfile.
BUSINESS
September 15, 2011 | By Nathaniel Popper, Los Angeles Times
Three years ago, global markets were plunged into chaos when Lehman Bros. collapsed at the height of the financial crisis. Jared Dillian, an ex-trader at the firm, is just happy to have gotten out alive — literally. Dillian's seven years as a Wall Street trader came to an end when the 158-year-old firm was dramatically pushed into bankruptcy Sept. 15, 2008. He'll mark the anniversary as a rare second chance in life after the high-pressure job turned him into a sort of voodoo doll on which the financial industry's wounds were visible.
BUSINESS
November 21, 2008 | Times Wire Services
A restructuring expert overseeing the liquidation of Lehman Bros. Holdings Inc. will replace Richard Fuld as chief executive on Dec. 31, a Lehman lawyer said. Bryan Marsal of Alvarez & Marsal has been overseeing the wind-down of what was once the nation's fourth-largest investment bank. Fuld, who joined Lehman as a college student in 1969, has been a target of public outrage over risky practices on Wall Street that helped send the economy into turmoil. The Lehman bankruptcy filing on Sept.
BUSINESS
November 6, 2008 | times wire services
Richard Fuld, chief executive of fallen investment bank Lehman Bros. Holdings Inc., will step down by the end of the year without severance or a bonus, a spokesman said. He will stay on as chairman of the board. Pressure has mounted on Fuld for his role in the demise of New York-based Lehman, once the nation's fourth-largest investment bank. It filed for Chapter 11 bankruptcy protection Sept. 15. Fuld has been a prominent target of public outrage over risky practices on Wall Street that helped send the economy spiraling into turmoil.
BUSINESS
September 15, 2011 | By Nathaniel Popper, Los Angeles Times
Three years ago, global markets were plunged into chaos when Lehman Bros. collapsed at the height of the financial crisis. Jared Dillian, an ex-trader at the firm, is just happy to have gotten out alive — literally. Dillian's seven years as a Wall Street trader came to an end when the 158-year-old firm was dramatically pushed into bankruptcy Sept. 15, 2008. He'll mark the anniversary as a rare second chance in life after the high-pressure job turned him into a sort of voodoo doll on which the financial industry's wounds were visible.
BUSINESS
April 27, 2012 | By Andrew Tangel
A former Securities and Exchange Commission official said greater disclosure of investment banks' highest-paid employees - aside from corporate officers - would not necessarily aid shareholders. Lynn Turner, who was the SEC's chief accountant from 1998 to 2001, said knowing top employees' compensation packages is not as important as knowing how much risk they are taking on and what companies are doing to mitigate those risks. "People in America get way too carried away with wanting to know what everyone else's salaries are," Turner said.
BUSINESS
October 7, 2008 | Jim Puzzanghera, Times Staff Writer
Just days before Lehman Bros. Holding Inc. filed for bankruptcy protection last month, the company sought $23.2 million in "special payments" for three outgoing executives, according to internal documents released by a congressional committee Monday. The revelation sparked sharp criticism from Rep.
BUSINESS
September 2, 2010 | By Jim Puzzanghera, Los Angeles Times
The former chief executive of Lehman Bros. came out swinging at federal officials Wednesday, blaming them for failing to give the beleaguered investment banking firm the extraordinary help it gave to its rivals — aid that would have saved it from the 2008 collapse that helped trigger the worldwide financial crisis. A defiant Richard S. Fuld Jr. sparred with Federal Reserve officials during a hearing before a congressionally appointed panel investigating the financial crisis.
ENTERTAINMENT
May 23, 2011 | By Walter Hamilton, Los Angeles Times
Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down. " He's referring not to the stock market, which already was plunging as the global financial crisis struck in late-2008, but to the entire U.S. economy as the conflagration on Wall Street threatened to spread far wider. I covered Wall Street for The Times during that period, and the movie accurately depicts the panic that gripped the Fed and the Treasury Department — and eventually a slow-to-comprehend Wall Street — as they scrambled to avert another Great Depression.
BUSINESS
September 2, 2010 | By Jim Puzzanghera, Los Angeles Times
The former chief executive of Lehman Bros. came out swinging at federal officials Wednesday, blaming them for failing to give the beleaguered investment banking firm the extraordinary help it gave to its rivals — aid that would have saved it from the 2008 collapse that helped trigger the worldwide financial crisis. A defiant Richard S. Fuld Jr. sparred with Federal Reserve officials during a hearing before a congressionally appointed panel investigating the financial crisis.
NATIONAL
January 26, 2009 | TIMES WIRE REPORTS
Richard Fuld, chief executive of Lehman Bros. Holdings Inc., sold his $13.3-million mansion to his wife for $100 in November, according to Florida real estate records. The 62-year-old executive, who could face civil lawsuits after overseeing the storied investment bank's collapse into Chapter 11 proceedings in September, transferred ownership of the 3.3-acre seaside home to Kathleen Fuld on Nov. 10, records show. The couple had jointly bought the home for $13.8 million in March 2004, as first reported by Cityfile.
BUSINESS
November 21, 2008 | Times Wire Services
A restructuring expert overseeing the liquidation of Lehman Bros. Holdings Inc. will replace Richard Fuld as chief executive on Dec. 31, a Lehman lawyer said. Bryan Marsal of Alvarez & Marsal has been overseeing the wind-down of what was once the nation's fourth-largest investment bank. Fuld, who joined Lehman as a college student in 1969, has been a target of public outrage over risky practices on Wall Street that helped send the economy into turmoil. The Lehman bankruptcy filing on Sept.
BUSINESS
November 6, 2008 | times wire services
Richard Fuld, chief executive of fallen investment bank Lehman Bros. Holdings Inc., will step down by the end of the year without severance or a bonus, a spokesman said. He will stay on as chairman of the board. Pressure has mounted on Fuld for his role in the demise of New York-based Lehman, once the nation's fourth-largest investment bank. It filed for Chapter 11 bankruptcy protection Sept. 15. Fuld has been a prominent target of public outrage over risky practices on Wall Street that helped send the economy spiraling into turmoil.
BUSINESS
October 7, 2008 | Jim Puzzanghera, Times Staff Writer
Just days before Lehman Bros. Holding Inc. filed for bankruptcy protection last month, the company sought $23.2 million in "special payments" for three outgoing executives, according to internal documents released by a congressional committee Monday. The revelation sparked sharp criticism from Rep.
BUSINESS
April 18, 2000 | Reuters
Lehman Bros. Holdings Inc. said David Goldfarb will replace John Cecil as chief financial officer. Goldfarb, who has served the company for six years, most recently as controller and CFO of the firm's broker-dealer unit Lehman Bros., will also become a member of the operating committee and report directly to Richard Fuld, chairman and chief executive, Lehman said.
BUSINESS
November 16, 2007 | From Times Wire Services
The top executives at 16 financial firms with potential or actual losses stemming from the sub-prime mortgage crisis have severance packages averaging $66.4 million, a corporate governance research firm says. The firms, which include Bear Stearns Cos., Goldman Sachs Group, JPMorgan Chase & Co., Morgan Stanley and Lehman Bros. Holdings Inc., had exit packages totaling $1 billion for their chief executives as of Nov. 6, Corporate Library said in a report released Thursday.
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