It seems as the economy is recessing the anger of the employees is on the rise. Richard Fuld, the disgraced head of Lehman Brothers, was punched in the face in the office gym amid the bank’s collapse. I know the news is a bit old. But I thought about the lucky fellow who availed the opportunity to give vent to his anger. How many of us want to punch our boss on many occasion but … what Richard Fuld, former Lehman Brothers CEO, and his team was doing for such a long time, it seems, this is a very small price to pay. Lehman Brothers, was particularly badly hit by “toxic” mortgage debt and filed for bankruptcy last month. Richard Fuld, the former CEO of Lehman Brothers had given a low down on bank’s financial crisis before the US House Oversight Committee. Richard Fuld was genuinely surprised that why the US government was not bailing out the 158 years old firm.
Those who has seen him testifying before the US House Oversight Committee said that his performance was brilliant. he blamed everyone but himself for the failure of the 158 year old Lehman Brothers.
Vicki Ward, a US journalist, said “two very senior sources – one incredibly senior source” had confirmed it to her. “He went to the gym after … Lehman was announced as going under,” she told CNBC. “He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold.
“And frankly after having watched [Mr Fuld’s testimony to the committee], I’d have done the same too.”
There might be some personal angle also to this.
Paradox, it might be correct.