One more big Dick

[malaise]

to Fuld You!!

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5336179.ece
<snip>
Dick Fuld ran Lehman Brothers as if he were at war. He drove the bank hard and ignored the signs of collapse. Andrew Gowers, former editor of the Financial Times, who was working at the heart of the bank as it brought the global economy to the brink of disaster, reveals the inside story

How did it come to this? How could an institution as proud and dynamic as Lehman plunge within months from an outward appearance of success to failure on such a colossal scale? And how could the collapse of one financial institution – the smallest of the Wall Street investment banks – bring the world so close to financial Armageddon?

More broadly, how come the collapse took many of the most sophisticated and powerful financial operators in the world so completely by surprise? Why did no one in authority apparently see the global consequences of Lehman’s failure clearly enough to want to avert it? Could it have been averted or should it have been?

I am still owed a sum I was promised on leaving the bank in September. I will be lucky to see more than a fraction of it – and that only in several years’ time, once the administrators have finished picking through the wreckage.

LET’S be clear: my part in this seismic story was small. I joined Lehman Brothers in London as head of corporate communications in June 2006 after a long career in financial journalism.
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Andrew Gowers you are part of the problem - I hope you never receive a penny!