Where is Lehman's Dick Fuld now ?

Dick Fuld Still

'Hi, I’m Dick Fuld, the most hated man in America'.

It was just after the crisis, and Fuld was making a rare social appearance at a party in the Sun Valley, Idaho, mansion of Jim Johnson, the former head of Fannie Mae.

Business Week reports that the self-mocking introduction, described by a guest, was Fuld’s armor - his way of broaching, and deflecting, the first thought that leaps to mind whenever someone hears his name: Dick Fuld was the chief executive officer who, on Sept. 15, 2008, led Lehman Brothers into the largest bankruptcy in U.S. history, setting a torch to the global financial system.

The party was a reminder of Fuld’s old life, packed with familiar faces from the highest levels of business and government, including former Countrywide CEO Angelo Mozilo.

Fuld owns a $19m compound in Sun Valley, but he couldn’t escape his new status as a pariah. One guest at the party recalls President Obama’s then-national security adviser, Tom Donilon, who owns a home nearby, showing up, spotting Fuld and Mozilo, turning white as a sheet, and slipping back out the door. (Johnson, Donilon, and Mozilo all declined to comment. Through a friend, Fuld said he wasn’t able to talk to reporters.)

Fuld is an exception. After the bankruptcy, he stayed on to help Alvarez & Marsal, the advisory firm in charge of sorting out the mess.

Then he struck out on his own. In 2009 he founded Matrix Advisors, a consulting firm for mergers and acquisitions. In a regulatory filing, Fuld reported that he works more than 60 hours a week there.

He renewed his securities license through a small broker-dealer, Legend Securities, run by a friend, and even underwent a medical exam for his student pilot’s certificate. Famously driven, Fuld gave every sign that he meant to put the Lehman nightmare behind him.

Hit the link below to access the complete Business week article:

Where Is Dick Fuld Now? Finding Lehman Brothers' Last CEO

The Dream of Occupy Wall Street Is Alive in Portland

Walmart Wins in D.C.

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts