Ex-Lehman CEO Fuld Says 27,000 Employees Were Risk Managers
Lessons Learned: The Return of Lehman’s Dick Fuld
This article is for subscribers only.
Lehman Brothers Holdings Inc. had 27,000 risk managers -- the firm’s stockholding employees -- before it collapsed in 2008, former Chief Executive Officer Richard Fuld said.
“Regardless of what you heard about Lehman Brothers’ risk management, I had 27,000 risk managers because they all owned a piece of the firm,” Fuld, 69, said Thursday in his first public address since the financial crisis.