Economics

How Much Did Lehman CEO Dick Fuld Really Make?

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(Corrects to remove the word "angry" from the first paragraph.)

Before Lloyd Blankfein of Goldman Sachs (GS) took his place, Richard S. Fuld Jr.'s face was the universal symbol of Wall Street greed. On Oct. 6, 2008, three weeks after Lehman Brothers filed the largest bankruptcy in U.S. history, Lehman's former CEO found himself before Representative Henry A. Waxman, the California Democrat who chaired the House Committee on Oversight and Government Reform. Waxman has stared down plenty of CEOs over the years, yet this had to be one of the most intense confrontations of his career.