May 28, 2015
2015 Marcum MicroCap Conference Featured in Associated Press Article, "Ex-Lehman CEO Blames Variety of Factors for Collapse."
In his first public remarks since Lehman Brothers went bankrupt, former CEO Richard Fuld said no single factor caused the 2008 financial crisis that destroyed Lehman.
Fuld said Lehman Brothers "was all about team" and put clients first. He added that because every employee owned stock in the company, they were all focused on the good of Lehman Brothers.
"Regardless of what you heard about Lehman Brothers' risk management, I had 27,000 risk managers because they all owned a piece of the firm," he said. Fuld, 69, was the keynote speaker Thursday at the Marcum MicroCap Conference in New York.