I'm not so sure that Fuld was an asshole. From my understanding, he had come up through Lehman Brothers, and was very much a company man, committed to doing everything he could to protect Lehman. Mistakes? Yes. Asshole? No.
His real problem was in allowing Joe Gregory so much decision making power, and in selecting a VERY weak CFO in Erin Callan. I'm no expert, of course, that's just my perception.
His real problem was in allowing Joe Gregory so much decision making power, and in selecting a VERY weak CFO in Erin Callan. I'm no expert, of course, that's just my perception.