… 50 employees in 2007. That’s employees as in managing directors and below: pay for “named corporate officers” like Dick Fuld was publicly disclosed. This is how much you make if you’re not running the company, but just working there and making lots …
… same time. And Geithner was in on it. The week before the Lehman collapse Geithner made 35 phone calls to Lehman’s CEO Richard Fuld and another 10 calls to JPMorgan’s CEO Jamie Dimon, and at least some of those calls, said the committee, centered on …
NEW YORK (Reuters) - Former directors of a Lehman Brothers Holdings Inc affiliate are objecting to the proposed release of $90 million in insurance funds to settle an investor lawsuit against ex-Chief Executive Richard Fuld and other officials.
NEW YORK (Reuters) - Former Lehman Brothers Holdings Inc officials, including one-time Chief Executive Richard Fuld , asked a bankruptcy judge to release $90 million in insurance funds so they can...
… difficulty in arriving at charges means the case is " on life support ," Fox's Charlie Gasparino reports. He also says Dick Fuld feels "he's off the hook," but Lehman's demise still hangs over his reputation as he tries to build his new financial …
… feisty, taking dead aim at Wall Street bankers, accountants, mortgage lenders, computerized trading, Alan Greenspan and Dick Fuld . Munger unplugged : "The bubble in America was caused by some combination of megalomania, insanity and evil in... investment …
… accounting acrobatics violated U.S. laws, and whether they can establish that former Lehman employees, including ex-CEO Richard Fuld , failed to adequately disclose real-estate losses to investors. The brunt of the charges may therefore fall on Lehman …
… years of government rescues that gave big-firm CEOs every reason to believe there was no real downside risk... [ Dick ] Fuld really did think Lehman would survive - because in the past, with the help of the feds, it had." 2 comments!
… credit-default swaps led, pretty directly, to the need for a huge government bailout of A.I.G. And then there’s Richard Fuld , the man who presided over Lehman Brothers ’ demise. Though he was the subject of an investigation shortly after the Lehman …
The Hindenburg Omen Has Arrived Submitted by Tyler Durden on 08/12/2010 21:35 -0500 Easily the most feared technical pattern in all of chartism (for the bullishly inclined) is the dreaded Hindenburg Omen. Those who know what it is, tend to have an atavistic reaction to its mere mention. Those who do not, can catch up on its implications courtesy of Wikipedia, but in a nutshell : " The Hindenburg Omen is a technical analysis that attempts to predict a forthcoming stock market crash . It is named after the Hindenburg disaster of May 6th 1937, during which the German zeppelin was destroyed in a sudden conflagration." Granted, the Hindenburg Omen is not a guarantee of a crash, and the five criteria that must be met for a Hindenburg trigger typically need to reoccur within 36 days for reconfirmation. Yet the statistics are startling: "Looking back at historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty-days." The last Hindenburg Omen occurred during the lows of 2009. Today, we just had another (unconfirmed) Hindenburg Omen. It is time to batten down the hatches - something big is coming. As a reminder, the 5 criteria of the Omen are as follows: That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues. That the NYSE 10 Week moving average is rising. That the McClellan Oscillator is negative on that same day. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory. Today, all five conditions were satisfied. June 2008 was another such reconfirmed event, and as Barron's pointed out then , "there's a 25% probability of a full-blown stock-market crash in the next 120 days. Caveat emptor." Boy was the emptor caveating within 120 days (especially if said emptor was named Dick Fuld ). Which brings us to the present: should the Omen be reconfirmed within 36 days, all bets are off. spotted this on another forum. http://socialize.morningstar.com/NewSocialize/forums/p/265139/2880538.aspx#2880538