Fuld testified before the House Oversight Committee yesterday, blaming everyone but himself for Lehman's collapse, an attitude that prompted Ward to confirm reports that he'd been punched in the face and to side with the attacker:
“From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.”
Knock Out: CNBC Confirms Lehman CEO Punched at Gym [Business And Media]
Lehman CEO Fuld Blames Everyone But Not Himself [Gothamist]
(AP Photo/Susan Walsh)
Violence is uncalled for.
Now, a life term in prison and being sold to the cell block rapist for a pack of cigarettes...I'm 100% for that.
]]>A long long time ago... I once punched my ex-wife's nephew in the face a few times because he was being abusive towards his grandmother. He was 16, and we'll just say I was a grown man. He was also real bad kid at the time. He had been behaving that way for a long time and I just got tired of it. So finally I kicked his ass.
See no one was trying to defend the poor woman. The kid was just allowed to run wild. He never did anything that was likely to get himself locked up, being a minor. But he was a terror to his family, especially his grandmother.
The judge and prosecutor agree to let me plead guilty to "making a public nuissance". I paid $500 with no criminal record. Still think it was money well spent.
He stopped being such an asshole while in the house after that. Years later after he had gotten his life straightened out, he told me he deserved it.
]]>As for the CEOs responsibility and compensation ... yeah, it sucks that he's well to do and the company went down. It does, I hear ya. However, he took it's stock price from around $5 in 1995 to over $80 in early 2007. It might be popular to throw him under the bus now, but saying he was paid for losing investors money is rather far fetched. His compensation came over the course of 15 years, and however poorly the company fared under his leadership over the past 21 months, most of his compensation was for the first 13 years and not the last 2.
Believer me, I'm furious too ... I'm just trying to avoid forming an imaginary lynch mob in my head when there are so many other people who share so much of the blame.
]]>When I first saw this picture, I thought to myself, "Wow, that guy looks just like the devil, I bet horns are going to pop out of his forehead at any moment"...and then I read your 'Beelzububian' comment --I wasn't expecting to endure hot coffee shooting out my nose this morning from laughter, but it was way worth it.
Countrywide Financial CEO, Mario Mozilo, also looks extremely diabolical. Actually, more like an orc from Lord of The Rings. @Trai_Dep:
]]>If I can't even afford to buy stocks to loose, then why should my heard earned taxes be used to bail out those who have had and lost? To be clear, I am referring to the CEO's and exec's, and not the Main Streeters who trusted them with retirement funds, etc.
When are we going to stand up and put America back on the right track?!
]]>And the suspect definitely could not be guilty... I will swear I was with him that very moment in another state. Couldn't have been him.
Unrelated... Anyone know where the AIG execs do their gym workouts? No reason. No reason at all...
]]>A Dick Punch is the worst kind of punch.
]]>If a man needs a license to perform a professional task (like doctor, lawyer, plumber, accountant, truck driver, etc) why don't we require a license for managers? Then when some asshat like DICK fails to perform his job properly we could refuse to renew his professional license -- thereby rendering him as impotent in the business world as we all know he is in the private world.
]]>In this case the Dick has stolen money from us. That deserves at least a kick in the balls.
Personally, I'm in favor of cutting his hamstrings. Just like he did to everyone who was hoping to retire from their investments.
]]>Considering that any possible punishment meted out by the court will be insignificant compared to the damage he's done - while still being a multimillionaire prick - a big fat punch to his face is well-deserved. Unfortunately, I wouldn't doubt his PR team's ability to fabricate the whole deal.
]]>Not in America.
]]>@mackjaz: Why would he go to prison? Is it illegal to be a cocksucking douchebag with a permanent assy face?
]]>It shows how bankers and other 'elite' have been fleecing our country into slavery - AGAINST what our Constitution is suppose to stand for.
They DON'T care...but it still isn't too late to do something about it.
Watch this (it's posted on YouTube, but cut up into 11 parts - takes a couple of hours to go through.
Stuff they didn't tell us about when we were in school - only what they WANTED us to learn.
And by "ass," of course I mean "face."
]]>Rich criminals just get "public shaming" and a punch in the face for directly screwing over the country? Wow.
]]>After reading all these responses, it is pretty clear we are mad as hell and we don't want to be stolen from like this any more. So what do we do? Write our corrupt congressmen? Good grief, what a mess!
]]>@twophrasebark: Yeah. You're right. These CEO's are the real victims in this whole finacial, economic mess. We should feel compassion for them while they get millions more of our dollars while they squander them again. I should tolerate what they are doing. I shouldn't demand justice or having them take responsibiilty for their actions.
Sorry, when I get ripped off on such a catastrophic scale I get a little mad. Fuck them and anyone who defends them.
TRUTH and JUSTICE are the American way. These men represent neither. These men represent greed, corruption and the betrayal of the American people. Sometimes pussies need to step aside to let dick's fuck assholes.
]]>What I want to know is how to stop all this corruption! I'm so angry I don't know which way to turn. How do we as citizens weed out all the crooks when it seems everyone has their hand in the cookie jar. I'm tired of baking cookies for these low bred dogs. (Sorry Fido, I didn't mean to insult you.) Why should we work two jobs, juggle kids and other resposibilities, while they live high off the hog. I say staple his *** to a burning stump and give him a dull knife! GB
]]>Apparently being drug out into the street and shot didn't do much to deter the heads of the companies that sold all that melamine to the pet food, milk and infant formula companies in China
]]>@giggitygoo: You can't investigate down to the lowest level but BILLIONS of dollars in these things I'm investigating.
All this crap being thrown out by the media and these deer in the headlight executive like it's too complicated to follow or understand in bullshit.It is an excuse,a twisted and contorted justification but they can be understood or follow if you do some research.WTF,the whole country has gotten an education on these things over the last month.Hey if the IRS can drag my ass in for an audit demanding reciepts,explanations and justifications for everything so can these companies and executives.
For too many life will never be the same including no sweating their bills to food stamps,foreclosure and repos and I'm not talking about the upper level executives.
For the record I was conflicted about the punch or no punch but I went with punch-If I was Fuld I'd rather get punched than sued-again and again.
]]>Make mine a steel toed boot
]]>... I can't even say it.
How did Dick die?
A *TIRE* hit him in the FACE!
]]>At least in fiction I can be sure the bad guys are going to get it, or at least exit our galaxy.
]]>If you believe that the CEO is that vital to a company's success, then consider: logically, he or she can't take credit for success then back away from responsibility when business goes sour.
Less than three years ago, he was credited for turning around the company and changing its direction. That alone implies that whatever happened to hurt Lehman Brothers has an awful lot to do with the CEO.
But then I'm old school, and believe that the captain needs to go down with his ship. That doesn't mean the captain has to die, but it means foregoing parachutes and sweet deals. Instead, in Fuld's testimony he continued in the grand tradition of Ken Lay to disavow responsibility, blaming market events that occurred in the last six months.
]]>What is it going to finally take to get us to take to the streets? President Bush, and this all was on HIS watch remember, still has some more time left in office to do even more damage. The world economy has not totally crashed yet but I just read online that Iceland is pretty close to it.
]]>Your values are judgment, punishment, anger, hate, vengeance...
I thought those were the values of our enemies.
I thought America was about compassion, community, tolerance, freedom...
Weird.
]]>If the worst he gets out of this whole mess is getting punched & knocked out cold.... then he should consider himself lucky!
The amount of money CEOs make is obscene.
]]>Ahhh this makes me feel just a tiny bit better.
]]>Many words like these tend to be in the ream of fad, despite the evolution of the language. They die out as their limited relevance makes for a poor foundation for eventual bastardization, or "different and more active thing[s]," as you suggest.
Only time will tell, I suppose. Then again, just as we vote with our dollars, we vote with how we choose to represent ourselves. In that vein, I'll keep my traditional spellings which apply to the widest audience possible because if I wanted to express a different meaning, I'd want everyone else to understand it too.
Otherwise, what's the point?
]]>And it's only a ha-ha assumption that he's on an iPhone, not one of reality.
]]>That said, as an officer of the Court I of course must decry the use of violence instead of legal proceedings.
]]>He should have gotten kicked in the nuts so he could roll around in pain. Knocking him out was letting him off easy.
]]>and the point of the ceo is to run the company. they are the top dog, the final decision maker. they have the power in a company (along with a board sometimes) to make changes that will sink or save the business. those possessions that came from the millions he got when he LOST his customers money were as a result of playing fast and loose.
]]>Speed bags in the elevator!
]]>"Hit him again! Hit him again! Hit the motherfrakker again!"
]]>Normally, I would not view the guys who punch or violently attack other people in a favorable manner.
However, in the case of the CEOs who are driving companies into the ground and are actually getting a platinum parachute for their part in destroying the company (and a little part of the American economy on the long run), go nuts! No sympathy for them at all.
]]>There's no justice.
]]>Oh for crying out loud. This didn't happen. Sombody is having a bit of fun. If there's ever any proof - or even a named source - to back this up, I'll eat my shoe with a side of dog squeeze.
]]>& then we have cases like this - even as lehman was tanking & 4 days before their collapse, directors were dishing out millions of dollars in bonuses to executives. that's simply unconscionable. whether or not a culture of incompetence existed at lehman, it is the executive team's job to know what is going on at all levels of their company.
what i don't see is how your interpretation of occam's razor explains anything in this case. i think a more realistic interpretation, using the razor would be: these companies were all profitable. the people in charge of these companies sucked billions of dollars in equity out of them over the past decade & when values were at record highs. therefore, when the market readjusted, it was the absence of this equity (& consequently the people who were charged with the stewardship of the company) that caused their demise.
]]>@P_Smith: He was shot with a BB gun. He barely got welts. Though, its a shame that Englishman aren't allowed to defend themselves against the scum in their country, otherwise the assailent may have gotten what he deserved. Oh, and left wing USSR was pretty peaceful from what I remember, and so are those eco-terrorists who are willing to burn peoples' houses. And those riots a few years ago in LA, all those black people were republicans, right? And Harry S. Truman became a conservative when he dropped 2 nuclear weapons on the Japanese? And wasn't it JFK who started and perpetuated the Cold War with Russia?
Don't make generalizations about which side is more violent, because both are.
]]>The level of violence by a perpetrator has always been directly in line with the individual's politics or position. For example, the Kennedy brothers were assassinated for being rational, while nobody ever took a shot at George Bush. The extreme rightwing have always been willing to perpetrate extreme violence or wars, while the rational don't resort to such tactics.
Dickless Fuld received only a punch in the face compared to what could have happened. Meanwhile, yesterday a man was called a "n*****" and shot three times just for wearing a Barack Obama shirt in a store. Thankfully, he survived.
And the shooting was in England, by the way, not the US.
]]>@Phydeaux: Sounds like somebody's never seen Office Space. Or just has a case of the Muuuuuundays.
]]>@amuro98: YES.
This comment board is a hilarious mix of very serious people, and those of us that are infuriated by what these cocksuckers have done and chose to express it to a place they think they will find kindred spirits. Needless to say this is becoming a train-wreck between one train who like manufacturing outrage over fantastical comments and another train who love to indulge in the idea that stringing these guys by the neck will provide more therapy than $700billion ever could.
I think the heads on pikes should be used instead of golf flags to remind other obscenely wealthy the consequences of fucking people over.
]]>@DaisyGatsby: ...and a year's supply of ice cream? What flavor?
]]>@superhumanben: Times like this call for, dare I say, a song...
Yeah, because with a hundred million, it's not as though he could just go buy a tropical island somewhere and an entourage of loyal servants for $5/day, each...
These idiots' lives should be forfeit. Their organs removed and donated in the hope that these ignoble human beings might do some actual good even if it's posthumously. As for their carcasses, they should be strung up in front of Wall St. as a warning for generations to come that some things come with too high of a price. That's what we need around here - more heads on pikes.
]]>"Rectum? Damn near killed him!"
]]>@jodark:
Please explain exactly what he did to "swindle" people, or "ruin the credit market." Really, what did he do. Be specific.
]]>...and one for Jenny and the wimp!
OMG, Last Will and Temperament FTW!
]]>Does anybody doubt that at least a few underhanded and unethical deals have been done by this corprate scumbag? Also as this happened at the lehman gym don't you think the guy who punched him had an inside track to his BS.
I trust his insider judgment and say kick him while hes down. Also I very much agree with the as long as he goes to a federal pound me in the ass penitentiary sentiment. I will provide the sandpaper!!!!
We teach our children, first time some one hurts you, tell them to stop, second time, tell an adult, but the third time someone hurts you, hit them back.
When all other options fail, defend yourself.
]]>The part of this debacle that really upsets me is Moody's AAA grading of mortgage related ISVs. Their whole job is to evaluate securities' risk, and they dropped the ball HARD. Part of the Moody's grading problem arose from the fact that individual mortgages could be split up and recombined into thousands of separate ISVs, and that distribution factor was supposed to mitigate risk. Kind of like how in the 50's people believed that the 'Solution to Pollution is Dilution", when in fact, it means everyone ends up just "a little" poisoned by toxic waste. They also didn't re-grade the ISVs even though lending practices were changing radically on a weekly basis.
I think the biggest crooks were the loan officers (originators?) who cooked up these terrible loans, and foisted them on unsuspecting people with teaser rates and balloon clauses that they knew people would not be able to afford. They deceived people (who were not in themselves entirely blameless), then sold the loans upstream to banks, pocketing money with each transaction. I'm most angry at them because they got away with it, clean and clear.
]]>@equazcion: Have you ever heard of "Guy law?" Basically if a dude does something douchey enough, such as flying a bank into the sun or sleeping with your wife, he deserves some form of physical retribution, delivered by the wronged.
Also, theres the Batman guide to retribution. Batman would have hung this guy from a building and dropped him repeatedly catching him each time before he hit, just to drive the point home. So when it comes to vigilante justice, let the Batman be your guide.
]]>Weeeeeeeeeeeee! So much awesome!
]]>@equazcion:
"Is it more rational to condone people using violence as long as they were acting on opinions similar to your own?"
I think the Continental Army of 1776 might be able to answer your question.
]]>As I said I don't know enough about the situation to say whether or not hes to blame; and I furthermore doubt you do either. I think it's a little irresponsible to say across-the-board that whenever any company fails it was the CEO's fault. The fact that people blame him MORE because of all his possessions tells me they're more angry at him for being rich than anything else. You say those possessions are "a result of playing fast and loose with the business", but no, they were the result of being a CEO and having the paycheck that comes with that job.
]]>(But I still laughed. The shame.)
]]>@chris_l:As rich and powerful as you might be, no amount of money and influence can ever stop you from getting knocked the .... out
Yeah, just ask Kimbo Slice.
]]>@giggitygoo: It's not exactly rational, though, it's bordering on apologetic of someone who was not merely bad at their job - he was greedy and irresponsible. All those possessions? A result of playing fast and loose with the business he was charged with running properly.
]]>@johnarlington: Yeah, I think we need more public shamings of that sort.
]]>@coyote: I don't fail to realize it. But again, you're wishing bodily harm on someone simply for making mistakes or being incompetent. I simply can't equate that kind of punishment with the "crime" involved. I don't punch people for failing.
]]>@NefariousNewt: Yeah, I kinda think that quote doesn't apply in this case.
]]>@kc2idf: pwned :P
]]>@twophrasebark: Um Joe Consumer hasn't been bailed out. And doesn't deserve to be. Let Joe suffer the consequences by paying rent or moving to a smaller house. And lets punch every CEO who ruined the credit market, then took our tax dollars in the face.
Yes, we vote for "values," because we stand for fairness and being evenhanded. CEO's should get nothing and be publically tarred and feather then thrown in the stocks. Delinquint borrowers should lose what they borrowed for. Imagine that, people with "values" want this thing called "justice." Because people with "values" play by the rules.
All I can say, is that I hope whoever punched this swindler put their hips into that punch and followed through.
]]>What about granny's retirement account? What about the kids college fund?
]]>These are the same people who vote for "values" during election time.
You are seriously screwed up, people.
]]>A CEO that raked in half a billion dollars while he bankrupted his company got knocked out from an out-of-nowhere punch in the face?
If that isn't pure, awesome justice, I don't know what is.
]]>And this guy's not even really on the hook for running the company into the ground. I mean, look around, bankrupting a bank is the new Crocs, for crying out loud... Fuld was on the hook for a. knowingly lying to his investors about it and b. telling his executive buddies that they didn't have to worry about their bonuses (boni?) while asking the gov't to bail LB out practically on the same day... this one's not about ceo this or that, this guy was the most arrogant in the bunch from the word go, and everyone in the financial sector knew it.
]]>That said, the language must be permitted to evolve in whatever direction it will. If you are American, as most of us are, you probably are already using bastardized abbreviated spellings that were introduced by Webster and Dewey. As such, I recommend letting it go.
]]>Sounds like an opponent that Kimbo Slice can actually last more than 14 seconds against.
]]>Is it to late to bring back public stoning?
]]>And the last refuge of people who have been horribly wronged and will have no legal recourse, despite knowing exactly who is responsible and that they desperately deserve it.
]]>I'm Geblah187 and I approve this message.
]]>Enjoy!
]]>Woah - that kind of thinking is way too rational for this forum. Join in the mob mentality already, jeez.
]]>He certainly deserves something... maybe it is time for an accountability law... one that looks at what a fella like this has been paid over the years, what he has accomplished and if he should be rewarded (golden handshake) or financially punished (read as let's go take back all he got from this deal and look for the folks who his actions were designed to benefit and take theirs too!)
As for the physical abuse... he shouldn't have to put up with that from anyone other than his cell mates.
]]>"If violence wasn't your last resort, you failed to resort to enough of it."
Rule 6 of the Seven Habits of Highly Effective Pirates.
[en.wikipedia.org]
[www.schlockmercenary.com]
Give that man an award.
Give Dick some Lye.
]]>Doesn't this guy know how to "roll with the punches".
]]>They're proper hardcore.
]]>One of the best SNL shorts ever!
]]>Hell yeah too bad we can't get a video of this on youtube.
]]>Plus I have to admit I felt kinda bad for him the way they were running down the list of his extravagant possessions, as if he should feel bad for spending his paycheck. The fact is, CEOs make lots of money, and sometimes businesses go under, and if you're the CEO of one of those, you'll be made out to be the bad guy 'cause while others are now in financial trouble, you're still rich.
I save my punches for the granny-scammers, muggers and child abusers. Sorry.
]]>I guess know he'll just have to take his helicopter to his 14 million dollar beach front home and hide in shame.
]]>And then I remembered that what's coming to him is still hundreds of millions of dollars in kickbacks.
]]>Fuld, we all feel bad for you being in this tragic predicament. I sure hope all of your homes are paid for so, at very least, you will have somewhere to sleep at night.
]]>That said, the bastard had it coming.
]]>I gotta go with the puncher on this, only knowing what I do about this guy.
]]>