“They should never have let us go bankrupt. It was just a big, huge mistake,” said one executive who worked closely with Fuld.
While Fuld has his defenders, Lawrence McDonald, a former Lehman vice president of distressed debt and convertible securities trading, who wrote a book about the Lehman collapse – “A Colossal Failure of Common Sense” -- called him arrogant and irresponsible.
“Fuld has a bunker mentality. He blamed the markets, blamed the short-sellers. The truth is, qualified people warned him several times and he wouldn’t listen,” McDonald told Reuters in an interview. McDonald said there was still “a lot of anger in the community out there” toward Fuld.
- Former Lehman CEO Richard Fuld laments how he’s been ‘pummeled’ and ‘dumped on’, Reuters, September 8,m 2009.
2. George Orwell once wrote that the British were not sufficiently interested in intellectual matters to be intolerant about them. The French, on the other hand, enjoy nothing less than a high-minded, lofty debate over abstract concepts – or so it is believed. The British ask: “It works in theory, but does it work in practice?” The French ask: “It works in practice, but does it work in theory?” So the joke goes.
As a London-based French citizen watching my own country heading for a rancourous presidential runoff on 7 May and Britain preparing for its first post-Brexit general election, I’m not sure the supposed differences between us are as marked as we like to think. And I see lessons for the UK from what is happening across the Channel.
【Bunker mentality?】相关文章:
最新
2020-09-15
2020-08-28
2020-08-21
2020-08-19
2020-08-14
2020-08-12