Richard Fuld

Independent activity 1946.4.26.–

Last chairman and chief executive of Lehman Brothers, which went bankrupt in 2008

Fuld was chairman and chief executive of Lehman Brothers from April 1994, after the firm's spinoff from American Express, until its bankruptcy on 15 September 2008. He was nicknamed "the gorilla" for his intimidating presence. Under him Lehman bought subprime lenders and became a force in the mortgage market, and by 2008 it was supporting $680 billion of assets on $22.5 billion of capital. The total compensation he received from 2000 until the bankruptcy was $484 million. He was named in Time's list of "25 People to Blame for the Financial Crisis".

Also known as: Richard S. Fuld Jr. · Richard Severin Fuld Jr. · Dick Fuld