CNBC Confirms Lehman CEO Punched at Gym

[Matt Molnar]

Awesome!


"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 [his testimony to Congress], I’d have done the same too."
http://www.businessandmedia.org/article ... 50152.aspx (http://www.businessandmedia.org/articles/2008/20081006150152.aspx)

[mirrodie]

Not news.

Its poetic.

[NIKV69]

I watched some of his testimony and got sick to my stomach. Smug, arrogant and most of all not sorry a damn thing he did. A punch is the least that could have happened. If he had any honor he would swallow the barrel of a gun like the Enron exec did. Unbelievable.

[T-Bird76]

This guy is a total POS... I couldn't get over how calis he was during his testimony..but what does he care? The guy has hundreds of millions and his people are out of work. He should be locked up for defrauding his shareholders.

[lijk604]

Add me to the list of extremely pissed off people.
For those of you who didn't know, I worked for a company that managed Lehman's aircraft.
Due to Lehman's going under which caused a loss of 1/3 of the aircraft we had....
...at 4pm today I was released from my job.
So I now have to find a way to make ends meet, while DICK Fuld decides which of his houses (Vermont, Mahnattan, Jupiter Island, or Sun Valley) he wants to spend the weekend at.
FU Dick Fuld!

**I do apologize if my rant offends anyone**

[PhilDernerJr]

Wow, very sorry to hear, John. :( Let us know if there's anything we can do.

[Jetinder]

In July 2001 i got to 2nd interview stage with Lehmans in London, passed all the technical tests with flying colours and thought i'd be getting a 1 year contract in their IT dept but on the 2nd interview i blew it (as i suddenly got very bad interview nerves).

Since then i still wanted to work for Lehmans, when we heard about Lehmans going bust i was in utter shock at how a 150 year old bank could be brought down.......

In the 1990s when Nick Leeson http://en.wikipedia.org/wiki/Nick_Leeson

brought Barings down people treated him like a criminal and he served time in jail but what the CEO of Lehmans and his staff did was much much worse but he hasn't been jailed.......

In London the press where saying how 5000 people would instantly loose their jobs but so far only 750 are on the dole (unemployed), 2500 people now work for Nomura http://www.nomura.com/europe/ (as they bought that side of the business) the rest still work for Lehmans while its wound down, but the impact of Lehmans dying was huge as it had a lot fingers in a lot of pies.

On the news they showed how arrogant the CEO of Lehmans was and the "golden parachute" he got for wrecking a huge bank..........

He should have said sorry to the public but he never did...........

Instead of wasting the $2 million or more christmas bonuses they each got, they should have have plouged that money back in to Lehmans to try to save it as it was his business and he should have moved heaven and earth to save it ........ but he never did.

If he's taken to court, the courts should not jail him (as thats the easy way out) they should force him to poverty for life......... Then and only then will he will know what he threw away.

[Jetinder]

In July 2001 i got to 2nd interview stage with Lehmans in London, passed all the technical tests with flying colours and thought i'd be getting a 1 year contract in their IT dept but on the 2nd interview i blew it (as i suddenly got very bad interview nerves).

Since then i still wanted to work for Lehmans, when we heard about Lehmans going bust i was in utter shock at how a 150 year old bank could be brought down.......

In the 1990s when Nick Leeson http://en.wikipedia.org/wiki/Nick_Leeson

brought Barings down people treated him like a criminal and he served time in jail but what the CEO of Lehmans and his staff did was much much worse but he hasn't been jailed.......

In London the press where saying how 5000 people would instantly loose their jobs but so far only 750 are on the dole (unemployed), 2500 people now work for Nomura http://www.nomura.com/europe/ (as they bought that side of the business) the rest still work for Lehmans while its wound down, but the impact of Lehmans dying was huge as it had a lot fingers in a lot of pies.

On the news they showed how arrogant the CEO of Lehmans was and the "golden parachute" he got for wrecking a huge bank..........

He should have said sorry to the public but he never did...........

Instead of wasting the $2 million or more christmas bonuses they each got, they should have have plouged that money back in to Lehmans to try to save it as it was his business and he should have moved heaven and earth to save it ........ but he never did.

If he's taken to court, the courts should not jail him (as thats the easy way out) they should force him to poverty for life......... Then and only then will he will know what he threw away.

[T-Bird76]

John I just saw this...I'm so sorry to hear. I hope you can land on your feet soon.

[T-Bird76]

John I just saw this...I'm so sorry to hear. I hope you can land on your feet soon.

[Matt Molnar]

It gets better!

Failing Lehman in $100m payout plan
The company approved huge packages for executives days before it went bust

THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three days before the bank went bankrupt leaving thousands of employees out of work in London.

The payoffs, approved on September 12 by the Wall Street giant’s compensation committee, included over $24m in severance packages to the collapsed firm’s top three London executives.

The committee agreed a $16.2m pay-off for Benoit Savoret, chief operating officer for Europe. This payment had been guaranteed by the firm after Savoret had turned down an approach to join a rival firm. Andy Morton, the fixed-income business head, was set for a $2m golden goodbye.
http://business.timesonline.co.uk/tol/b ... 926278.ece (http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4926278.ece)

[Matt Molnar]

It gets better!

Failing Lehman in $100m payout plan
The company approved huge packages for executives days before it went bust

THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three days before the bank went bankrupt leaving thousands of employees out of work in London.

The payoffs, approved on September 12 by the Wall Street giant’s compensation committee, included over $24m in severance packages to the collapsed firm’s top three London executives.

The committee agreed a $16.2m pay-off for Benoit Savoret, chief operating officer for Europe. This payment had been guaranteed by the firm after Savoret had turned down an approach to join a rival firm. Andy Morton, the fixed-income business head, was set for a $2m golden goodbye.
http://business.timesonline.co.uk/tol/b ... 926278.ece (http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4926278.ece)