2015 Marcum MicroCap Conference Featured in Business Insider Article, "Wall Street has one Question for Dick Fuld."
By Linette Lopez
As CEO of Lehman Brothers in 2008, Richard Fuld presided over one of the most stunning failures in modern finance. This week, at his first public appearance in around six years, he said that his firm actually wasn’t crumbling all those years ago.
“I have always said, and now it’s being proven, Lehman Brothers in September 2008 was not bankrupt,” said Fuld at the Marcum MicroCap Conference in midtown Manhattan on Thursday.
But that’s hardly the point anymore. From now on when bankers talk about the harbinger of any unmitigated disaster they’ll call it, “a Lehman moment.” That’s Fuld’s legacy now. And perhaps that’s why he’s back.