Richard fuld steered lehman brothers in such a way that firm gained profit for more than a decade. He introduced equity pay structure and expanded operations of his firm. Fuld was often cast as the villain of the financial crisis, and he took a public beating when he was hauled before congress to explain lehman brothers mistakes in the wake of the. Ball's squash partner was richard fuld, the chief executive officer of lehman brothers. Fuld, he said, wanted very badly to win but he also played fair.
The case highlights the importance of responsible leadership and. In the months leading up to lehmans downfall, the proposal was just one of many floated by mr. Fuld as he embarked on a frenetic and increasingly desperate attempt to keep his. Richard fuld was the final chairman and ceo of lehman brothers from 1994 until its bankruptcy in 2008. He had worked at lehman brothers for nearly 40 years, starting as a commercial paper. Lehman brothers survived the civil war, the great depression, two world wars, and the attacks of 9/11, yet under the leadership of richard fuld the investment bank went from. His renowned investment bank, lehman brothers, was barraged with questions about whether the expanding credit crisis would.
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