Richard Fuld, also known as "Dick" Fuld, is an American banker and executive. He is best known for his tenure as the CEO of Lehman Brothers, a position he held from 1994 until the firm's bankruptcy in 2008. His leadership during the financial crisis of 2007-2008 has made him a notable figure in the world of finance.
Richard Fuld was born on April 26, 1946, in New York City. He attended the United States Military Academy at West Point but later transferred to the University of Colorado Boulder, where he earned a Bachelor of Arts degree. He also holds an MBA from the New York University Stern School of Business.
Richard Fuld is married to Kathleen Fuld, and they have three children together. He is known for his private and reserved nature outside of his professional life. The family has largely stayed out of the public eye, particularly following the financial crisis.
Fuld began his career at Lehman Brothers in 1969 and rose through the ranks to become CEO in 1994. Under his leadership, Lehman Brothers expanded significantly, becoming a major player on Wall Street. However, his tenure is most remembered for the firm's collapse in 2008, which was a key event in the global financial crisis.
Richard Fuld is credited with transforming Lehman Brothers into a global financial powerhouse during his tenure as CEO. He successfully navigated the firm through various financial challenges and was instrumental in its aggressive growth strategy, which included significant expansion in the fixed income and real estate markets.
Richard Fuld was at the center of controversy during the financial crisis of 2007-2008. Lehman Brothers' bankruptcy was the largest in U
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