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Richard S. Fuld Jr.
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Richard S. Fuld Jr.
Richard Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final chairman and chief executive officer (CEO) of investment bank Lehman Brothers. Fuld held this position from April 1, 1994, after the firm's spinoff from American Express until September 15, 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced the sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was named in Time's "25 People to Blame for the Financial Crisis" list and in CNN's "Ten Most Wanted: Culprits of the Collapse". Fuld was nicknamed "the gorilla" for his intimidating presence.
Fuld was born to Jewish parents, the son of Richard Severin Fuld Sr. He is a second cousin of professional baseball player and executive Sam Fuld.
He attended Wilbraham & Monson Academy, where he gained his high school diploma.
He received a Bachelor of Science in international business in 1969 from the University of Colorado Boulder, where he participated in the Naval Reserve Officer Training Corps program and was president of the school's chapter of the Alpha Tau Omega fraternity. Fuld completed his M.B.A. at New York University's Stern School of Business in 1973.
Fuld is a member of Kappa Beta Phi.
Fuld's first potential career as an Air Force officer came to an end when he got into a fistfight with an upperclassman cadet commanding officer. He said he had been defending another young cadet who was being taunted by the senior cadet. Fuld then began his career with Lehman Brothers in 1969, the year the firm's senior partner Robert Lehman died. Fuld started trading commercial paper and developed a reputation as an accomplished fixed income trader.
Fuld worked for Lehman for nearly 40 years. During this time, Fuld witnessed and participated in numerous evolutions within the organization, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton and its ultimate spin-off from American Express in 1994, once again as Lehman Brothers. Once public, the new company traded under the stock ticker LEH.
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Richard S. Fuld Jr.
Richard Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final chairman and chief executive officer (CEO) of investment bank Lehman Brothers. Fuld held this position from April 1, 1994, after the firm's spinoff from American Express until September 15, 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced the sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was named in Time's "25 People to Blame for the Financial Crisis" list and in CNN's "Ten Most Wanted: Culprits of the Collapse". Fuld was nicknamed "the gorilla" for his intimidating presence.
Fuld was born to Jewish parents, the son of Richard Severin Fuld Sr. He is a second cousin of professional baseball player and executive Sam Fuld.
He attended Wilbraham & Monson Academy, where he gained his high school diploma.
He received a Bachelor of Science in international business in 1969 from the University of Colorado Boulder, where he participated in the Naval Reserve Officer Training Corps program and was president of the school's chapter of the Alpha Tau Omega fraternity. Fuld completed his M.B.A. at New York University's Stern School of Business in 1973.
Fuld is a member of Kappa Beta Phi.
Fuld's first potential career as an Air Force officer came to an end when he got into a fistfight with an upperclassman cadet commanding officer. He said he had been defending another young cadet who was being taunted by the senior cadet. Fuld then began his career with Lehman Brothers in 1969, the year the firm's senior partner Robert Lehman died. Fuld started trading commercial paper and developed a reputation as an accomplished fixed income trader.
Fuld worked for Lehman for nearly 40 years. During this time, Fuld witnessed and participated in numerous evolutions within the organization, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton and its ultimate spin-off from American Express in 1994, once again as Lehman Brothers. Once public, the new company traded under the stock ticker LEH.
