Richard S. Fuld, Jr.
| Richard S. Fuld, Jr. | |
|---|---|
Fuld speaking at a World Resources Institute forum in January 2007.
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| Born |
Richard Severin Fuld Jr. April 26, 1946 New York City |
| Nationality | American |
| Alma mater |
NYU (MBA) University of Colorado Boulder (BA) (BS) |
| Salary | $22,030,534 (2007) |
| Net worth |
 US$100 million (est.)(October 2008) |
| Title | Former Chairman & CEO of Lehman Brothers |
| Board member of | New York-Presbyterian Hospital |
| Spouse(s) | Kathleen Ann Bailey |
| Children | Jacqueline, Chrissie, Richie |
Richard "Dick" Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final Chairman and Chief Executive Officer of Lehman Brothers. Fuld had held this position since the firm's 1994 spinoff from American Express until 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced a sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was nicknamed the "Gorilla" on Wall Street for his competitiveness.Condé Nast Portfolio ranked Fuld number one on their Worst American CEOs of All Time list, stating he was "belligerent and unrepentant". Fuld was also named in Time magazine's list of "25 People to Blame for the Financial Crisis".
Fuld was born to a Jewish family in New York City, the son of Richard Severin Fuld Sr. and Elizabeth Schwab. He is a second cousin of Oakland Athletics outfielder Sam Fuld.
He received both a B.A. and B.S. from the University of Colorado Boulder in 1969 and his M.B.A. from New York University's Stern School of Business in 1973. While attending Colorado, Fuld participated in the Naval Reserve Officer Training Corps program and was president of the school's chapter of the Alpha Tau Omega social fraternity.
Fuld's first career as an Air Force pilot came to an end when he got into a fistfight with a commanding officer. He said he had been defending a young cadet who was being taunted by the senior officer.
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