Market Watch: Will Wall Street welcome the return of a villain?

Reception for Dick Fuld is a test for a post-crisis Wall Street. The former chief executive of Lehman Brothers Holdings Inc. will speak at the 2015 Marcum MicroCap Conference in New York next month. Fuld is still working on Wall Street at a small consulting and advisory firm. (Source: Market Watch)

Lock up your retirement. Dick Fuld is coming back to Wall Street. A 2013 report by the Center for Public Integrity (http://www.publicintegrity.org/2013/09/10/13326/ex-wall-street-chieftains-living-large-post-meltdown-world) found that while Fuld lost a fortune via his Lehman holdings, he was hardly destitute. He still owned “a mansion in Greenwich, Conn., a 40-plus-acre ranch in Sun Valley, Idaho, as well as a five-bedroom home in Jupiter Island.

 He no longer has a place in Manhattan, since he sold his Park Avenue apartment in 2009 for $25.87 million,” the report said.

Since his inglorious exit, much of Wall Street has changed.

For the complete story: http://www.marketwatch.com/story/will-wall-street-welcome-the-return-of-a-villain-2015-04-03

Related posts:


Comments are closed.