Richard S. Fuld Jr...Striving for Perfection
Nobody's Perfect: This is a very good picture of Richard S. Fuld Jr.. the CEO of Lehman Brothers, the one company that was allowed to fail in the "Pearl Harbor" (as Warren Buffet likes to call it) of Wall Street... and so this man, knowing that his company was not going to be bailed out by the government, quickly made sure that all high executives got their million dollar bonuses.
He feels horrible about what happened, he says. Today before Congress, he tried hard to admit that he was not perfect...but just didn't quite pull it off.
Richard really needs to work on his humbleness, despite all his fine statements.
Yes, Richard feels a bit bad, because he went ahead and listened to the President's cousin, George H. Walker, a Lehman executive who assured the board that going under without giving everyone huge monetary bonuses was just plain Texas silly.
Of course all the executives should take whatever they could grasp! That's the Texas way boys!
We see Richard looking very dubiously evil in this picture. See Richard walking away with over 430 million and also whatever he secretly makes by serving on the Federal Reserve Board of Directors of Federal Reserve Bank of New York.
See Richard getting investigated by his homeboys, the Congress, which is suppose to make us all feel better.
And I, personally can't wait, to see just where he goes next....U.S. Treasury?
That would be PERFECT!
Labels: history
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