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A Lehman Lesson

Submitted by david Brusowankin, Sep 15, 2008 08:45

Not quite accurate. With $40 million, Dick Fuld may have to give up some toys and downsize his lifestyle, but he will be able to comfortably put food on his table and maintain a roof over his family's heads. Let us now contrast this with those who've lost their jobs due to executives' fiduciary irresponsibility and can't meet their mortgage or rent payments. Scale is important.

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Comment	By	Date
Risk? What risk did Fuld and Cayne take? Bad asset allocation risk? Let's not confuse the risk that capitalism needs... [MORE]	plmayo	Sep 26, 2008 19:18
The particular innovation of this very rich individual was to identify ways of upgrading the value of investments through creative... [MORE]	irishjazz	Sep 15, 2008 12:22
Reality isn't always pretty, is it. Perhaps someone should erect a huge billboard on Wall Street which reads, insatiable greed... [MORE]	Porterhouse	Sep 15, 2008 09:35
Not quite accurate. With $40 million, Dick Fuld may have to give up some toys and downsize his lifestyle, but...	david Brusowankin	Sep 15, 2008 08:45

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