(10 am. – promoted by ek hornbeck)
When I first read this the other day, the news had not been confirmed.
Well now it has been confirmed.
Courtesy of Raw Story, which linked to Business and Media Institute:
While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.
“Frankly, I sat there and listened and I’m with the guy who apparently, the day before Barclays announced they were coming in and Lehman had already filed for bankruptcy, went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,” Ward said on the Oct. 6 “Power Lunch.” “I didn’t think he was contrite at all, I thought he was arrogant.”
…
“From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.”
Seems like this is the only “accountability” moment I’ve seen during this misAdministration.
Of course Fuld no doubt has an excellent health care along with his golden parachute.
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… some moment.
People are getting creamed by the 0.01%. I just hope it doesn’t become a Blackwater event as those folks start hiring security that follows them around.
But yeah, I have been expecting somthing like this. I wonder what the salary difference was between Fuld and the dude that knocked him out, and if there were layoff issues involved.
Fuld ain’t gonna miss any meals.
…but how is this at all an “accountability” issue? Dick Fuld is not accountable to any public persons at all. Seriously. His company was not bailed out, and is not owned or operated by the public. The administration has never had any claim over Dick Fuld at all.
This is one of the most troubling things about the bailout in general. These are private people, without any public obligations. But we now conflate how private persons operate with how public persons do. Which is pretty sad to me.
British Government Fires Bank CEO, Execs in Bailout Deal
From what I saw of his attitude, Fuld needed a good smackdown.
He got a certain amount of serious razzing from CodePink during and after the hearing, too… screen capture from ABC’s “Nightline”.
And here’s a great shot with an article from the Consumerist.
a little bit of sweet justice for the cold-hearted money-grabbing, lying bastard.
I just heard that the Dow was down 600+–the highest % Dow loss ever. It is impossible not to wish that some serious logical consequences be doled out to the greedy, arrogant narcissists that brought this crisis on the world economy–and an unknown degree of misery to people that were just trying to be responsible and save for their futures.