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We've been Fuld: Congress grills Lehman CEO on compensation

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Uploaded by on Jan 5, 2009

On October 6, the Committee on Oversight and Government Reform held a hearing to hear the testimony of Lehman Brothers CEO Richard Fuld. The major focus of the discussion was CEO compensation, which many claimed to be lavish and unfair.

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  • It's funny how he licks his lips when he talk about money. Greed personalised. :)

  • He takes "full responsibility" for the actions "HE took."

    Well, no shit. Who else would take responsibility for those particular actions?

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  • wow he is one ugly motherfucker. no wonder he have to work hard... Henry Waxman

  • @givemeblowjob69 naked you came to this world, and naked you will leave. They dont realize yet that all they gained in this world in whatever way they did is just temporary... They will be judged but not for how much they had!

  • @blankfiend

    Nice name bro, is your first lloyd? xD

  • Even if Fuld would take the blame and say SORRRYYYYY..........would that really make a difference? Would economy be better tomorrow? As long as regulators allow these kind of excesses, people will take it to the limit.

  • Fuld is nothing special or unusual. Yes, he bankrupt his company but was not the only company on the verge of bankruptcy in September of 2008. Lehman was just one that did not get the bailout money. The CEO's of Morgan Stanley, Merril Lynch, Goldman Sachs, Bank of America, AIG and many MANY others are just as responsible and greedy as Fuld. They are all Greedy Scum. They all should be imprisoned including Bernanke, Greenspan & Hank Paulson.

    Return to Post Great Depression Regulation NOW!!!

  • What does Fuld care? He goes through a difficult period but ends up rich for the rest of his life! To many CEO's short term gains are more important than long term stability because they only have a few years to become rich. Can you blame them? They didn't brake any laws. The deregulation of the markets allows them to wreak havoc in a legal manner. The system is flawed at the request of such people who requested deregulation. At least now we have proof that unregulated capitalism doesn't work.

  • We've been fooled (Fuld). These guys are the real Trojan Horse offered by a system that disguised itself as a model of superiority for the whole world. There is a song on youtube, Peter Martell "Master of Greed" that shows the outcome of this game.

  • George Washington would hang these fuckers by the balls, and then bury them at sea

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