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Knock Out: CNBC Confirms Lehman CEO Punched at Gym
Business and Media ^ | 10/06/08 | Jeff Poor

Posted on 10/06/2008 2:40:49 PM PDT by misterrob

Network verifies reports Richard Fuld was attacked for financial institution's bankruptcy.

It seems anxiety from the financial crisis is reaching new highs, but the tipping point for one individual came at the Lehman Brothers gym in the midst of the company’s collapse.

While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.

“Frankly, I sat there and listened and I’m with the guy who apparently, the day before Barclays announced they were coming in and Lehman had already filed for bankruptcy, went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,” Ward said on the Oct. 6 “Power Lunch.” “I didn’t think he was contrite at all, I thought he was arrogant.”

Ward confirmed previous reports about the incident that reportedly occurred Sept. 21 and said the information came from “two very senior sources.”

“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.”

Ward determined Fuld deserved the beating based on his testimony before the committee.

“I thought he was shameless,” Ward said. “I thought it was appalling. He blamed everyone. He blamed, as you say, ‘naked short sellers’ over and over in case we didn’t get the point, when in fact hedge funds like Harbinger had money locked up in Lehman and was shorting it to try and make the most of the money that they already had. He blamed everybody but himself.”

Lehman Brothers filed for bankruptcy in September 2008 and its assets were later snatched up by the British bank Barclays for $1.35 billion, which included Lehman’s Midtown Manhattan office tower with a $960 million price tag.


TOPICS: Business/Economy; Crime/Corruption; Culture/Society
KEYWORDS: assault; bloodoftyrants; ceo; fuld; lehmanbrothers; tyrants
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1 posted on 10/06/2008 2:40:50 PM PDT by misterrob
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To: misterrob

Is it wrong to want to buy a beer for the guy who punched him?

I say, open season on lying, stealing scumbags.


2 posted on 10/06/2008 2:43:06 PM PDT by VictoryGal (Never give up, never surrender!)
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To: misterrob

SMACK


3 posted on 10/06/2008 2:44:23 PM PDT by BigEdLB (Let's get serious - there is only one choice - McCain/Palin 2008)
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To: misterrob
Need to get the Fannie and Freddie crew lined up now.

It's thunderdome time.
4 posted on 10/06/2008 2:45:57 PM PDT by randomhero97 ("First you want to kill me, now you want to kiss me. Blow!" - Ash)
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To: misterrob

Societal scorn, and yes, danger to their safety is what will slow these scumbags down.

In the past, we have been quick to admire those that get rich by any means, (1980s thought).


5 posted on 10/06/2008 2:47:26 PM PDT by brownsfan (Algore makes P.T. Barnum look like a piker.)
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To: misterrob
“two very senior sources.”

Photobucket

6 posted on 10/06/2008 2:47:36 PM PDT by dragonblustar (Once abolish the God, and the government becomes the God - G. K. Chesterton)
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To: randomhero97
Need to get the Fannie and Freddie crew lined up now.

Quite right, but since they are all rats, it will never happen.

7 posted on 10/06/2008 2:49:28 PM PDT by Jacquerie (Acorn & CRA - Reparations by other means.)
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To: randomhero97

And then line up a bunch of Congressman.


8 posted on 10/06/2008 2:50:19 PM PDT by Busywhiskers (Delinda est Democrats)
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To: misterrob

When the Enron debacle was winding down I ended up standing right behind Jeff Skilling at the soda machine in Prince’s Hamburgers in Houston. At this point we all knew what scum he was. As I stood there patiently waiting for him to refill his soda I thought how easy it would be to avenge all the people that lost their life savings by clocking the guy. Not wanting to go to jail I just gave him a look instead. He’s a very tiny guy by the way and easily clockable.


9 posted on 10/06/2008 2:53:52 PM PDT by weef
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To: misterrob

That IS pretty cool! Maybe there are some ‘real men’ left in this world after all!

Somebody get that guy who punched this Lehman weasel a beer!!

(Free Republic men,of course, are in the ‘real men’ column too)


10 posted on 10/06/2008 2:55:36 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: misterrob

“former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt.”

Takes a lot of balls to go to workout in the company gym of the company you ran into the ground and LEFT.


11 posted on 10/06/2008 2:56:47 PM PDT by weegee (Obama's a uniter?"I want you to argue with them (friends,neighbors,Republicans) & get in their face")
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To: weef

I saw the protestors gathered outside of Ken Lay’s place.


12 posted on 10/06/2008 2:57:32 PM PDT by weegee (Obama's a uniter?"I want you to argue with them (friends,neighbors,Republicans) & get in their face")
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To: weef

Remember when the city machine LIKED Ken Lay (he helped secure the slim margin of victory on the stadium initiative)?


13 posted on 10/06/2008 2:58:09 PM PDT by weegee (Obama's a uniter?"I want you to argue with them (friends,neighbors,Republicans) & get in their face")
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To: misterrob

Well, Fuld is worth millions upon millions of $$$’s. His retirement “parachute” alone was $22 million. The guy who punched him? If he has any assets he’s about to lose them to his attorney and to Fuld....

Nice in theory. In reality, cold-cocking a guy worth $200+ million isn’t a wise investment of your time....


14 posted on 10/06/2008 2:58:50 PM PDT by freebilly
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To: penelopesire

Real men would have strung him up on a lamp post on Wall Street.


15 posted on 10/06/2008 2:59:12 PM PDT by Chickensoup ('08 VOTING for the SUPREME COURT that will be BEST for my FAMILY and voting for SARAH PALIN!!!)
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Comment #16 Removed by Moderator

To: brownsfan

I can’t say that we’ve admired people who “got rich” especially “by any means”.

I don’t swallow Oliver Stoned’s myth about “Greed is good” and the 1980s being the decade of greed. It was in the 1990s that people said “we cannot impeach Bill Clinton, because it would not be good for the market”. This in 1998, and the internet bubble burst ANYWAY.


17 posted on 10/06/2008 3:00:36 PM PDT by weegee (Obama's a uniter?"I want you to argue with them (friends,neighbors,Republicans) & get in their face")
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To: freebilly
The guy who punched him? If he has any assets he’s about to lose them to his attorney and to Fuld....

Wrong..... there are millions of Americans that will gladly donate to his defense fund..... and there isn't a jury in this country that would find him guilty.....

18 posted on 10/06/2008 3:02:42 PM PDT by Fox_Mulder77
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To: misterrob

Is he the one who got the $20 bil payout for just being 17 days on the job?


19 posted on 10/06/2008 3:03:44 PM PDT by Kaslin
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To: Fox_Mulder77

Hell, if I were a jurist I’d ask for a demonstration!


20 posted on 10/06/2008 3:04:51 PM PDT by CodeToad
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To: misterrob
His eyes do look blackened don't they.LOL


21 posted on 10/06/2008 3:06:01 PM PDT by diverteach (http://foolishpleasurestudio.com/eyewool/slap_hillary.html)
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To: Morgana
**SMACK**


22 posted on 10/06/2008 3:06:48 PM PDT by reagan_fanatic ("And how can this be? For I am the Kwisatz Haderach! " - Barack Obama)
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To: misterrob
....he knocked him out cold.

A KO? Man, that must've felt good.

23 posted on 10/06/2008 3:07:04 PM PDT by Mr. Mojo
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To: Chickensoup

Not sure we need that...yet...but imagine how much courage it took for that guy to clean Fuld’s clock the old fashioned way!! It’s awesome....lol!


24 posted on 10/06/2008 3:07:15 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: misterrob

Severance packages for failed CEOs should be limited to a new pair of work boots and cab fare to the nearest pier. That way, they have two options for doing the right thing.


25 posted on 10/06/2008 3:09:13 PM PDT by atomic conspiracy (Victory in Iraq: Worst defeat for activist media since Goebbels shot himself.)
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To: Kaslin

Nope I think that was the new Wachovia guy.


26 posted on 10/06/2008 3:10:04 PM PDT by jeeperz
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To: Chickensoup

in the back alley.


27 posted on 10/06/2008 3:10:43 PM PDT by presently no screen name
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To: misterrob
Someone was in the corner, pumping iron and he walked over and he knocked him out cold

BWAHAHAHAHA!! Can someone do that to Obama for saying our troops were air raiding villages and killing civilians??!!!

28 posted on 10/06/2008 3:10:54 PM PDT by Fox_Mulder77
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To: penelopesire

Not sure we need that...yet...

When are we going to say “enough!”


29 posted on 10/06/2008 3:13:19 PM PDT by Chickensoup ('08 VOTING for the SUPREME COURT that will be BEST for my FAMILY and voting for SARAH PALIN!!!)
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To: misterrob

Well, it wasn’t like the puncher was going to get fired, reprimanded or stripped of his stock options... Sounds like a low risk high reward type of conflict...


30 posted on 10/06/2008 3:17:25 PM PDT by John123 (The US may be going down the drain, but everyone else will drown first...)
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To: Chickensoup

“When are we going to say “enough!””

I hear ya....we need to tell the Democrats controlling Capital Hill...ENOUGH!!


31 posted on 10/06/2008 3:20:04 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: freebilly

If the cost of getting a check for $22 million dollars is a dent in the grill, where do I sign up?


32 posted on 10/06/2008 3:20:56 PM PDT by hsrazorback1 (To get what you had, do what you did.)
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To: VictoryGal
I agree, these arrogant CEO’s need some personal responsibility. If more were to face physical distress, they'd be more likely to tow the line.
33 posted on 10/06/2008 3:26:01 PM PDT by vetvetdoug
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To: hsrazorback1
If the cost of getting a check for $22 million dollars is a dent in the grill, where do I sign up?

If Congress (snicker, cnicker) gets serious about goin gafter these guys, it ain't his grill thats gonna get dented, but his rear exhaust in prision

34 posted on 10/06/2008 3:33:41 PM PDT by Bommer (Who was Obama's diction coach? Bevis or Butthead? Uhhhhhh.....)
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To: hsrazorback1
If the cost of getting a check for $22 million dollars is a dent in the grill, where do I sign up?

If Congress (snicker, cnicker) gets serious about goin gafter these guys, it ain't his grill thats gonna get dented, but his rear exhaust in prison

35 posted on 10/06/2008 3:33:59 PM PDT by Bommer (Who was Obama's diction coach? Bevis or Butthead? Uhhhhhh.....)
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To: Bommer

Congress is not going to get ‘serious’ about any of this if the democrats keep control of the house and senate, because their bloody finger prints are all over it!! I would argue that it is going to get much worse as a matter of fact.

BARNEY FRANK and CHRIS DODD (among others) are the ones that belong in prison.


36 posted on 10/06/2008 3:49:03 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: weef

I admire your restraint, I also admire the heck out the guy who clocked Fuld.


37 posted on 10/06/2008 3:51:51 PM PDT by AprilfromTexas
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To: AprilfromTexas

We don’t know the whole story. Fuld was taken down by other insiders. I thought it was interesting he wasn’t talking about it today. JP Morgan look like the real villans. When they got upside down they got the Fed to bail out the cause (Bear), later they engineer a run on Lehman and then lock up the funds LEH needs to stay solvent. And the ex-Goldman Sec. of the Treasury lets them fail, while propping up every other firm in the industry. (Bear, Goldmans, JP Morgan, Merrill have all received a helping hand.)

I believe from his point of view he was screwed over by his fellow sharks. He knows way more than he is saying.


38 posted on 10/06/2008 4:03:27 PM PDT by Jack Black
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To: misterrob
It's getting nasty. This reminds me of the scene toward the end of Titanic. The ship has been sinking for what seems like ten hours, and people are fighting over the precious few seats on the lifeboats. Hockley hears a gunshot and says, "It's starting to fall apart," or something to that effect. The dialogue in the movie is highly forgettable, but the situation seems analogous.
39 posted on 10/06/2008 4:17:30 PM PDT by giotto
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To: misterrob

Millions for taking a single shot to the jaw. Nice work if you can get it.

40 posted on 10/06/2008 4:19:59 PM PDT by anymouse
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To: weef

You should have knocked the taste right out of his mouth.No jury would have convicted.


41 posted on 10/06/2008 4:22:40 PM PDT by HANG THE EXPENSE (Defeat liberalism, its the right thing to do for America.)
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To: freebilly

Then you really make it count.


42 posted on 10/06/2008 4:24:05 PM PDT by HANG THE EXPENSE (Defeat liberalism, its the right thing to do for America.)
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To: diverteach

He does look like he has two chicklets subbing for teeth in the picture.


43 posted on 10/06/2008 4:30:24 PM PDT by Cyman
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To: Kaslin
Is he the one who got the $20 bil payout for just being 17 days on the job?

Does it matter? Can't we hate all CEO's without being bothered with details?

44 posted on 10/06/2008 4:37:01 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: misterrob

Catching a fist in the gym is nothing compared to todays hearings where the congress beat the crap out of him

I can’t possibly understand why he showed up. You can’t be guilty of being in contempt of a contemptible congress


45 posted on 10/06/2008 4:40:20 PM PDT by bert (K.E. N.P. +12 . Off With her head.....)
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To: jeeperz
Nope I think that was the new Wachovia guy.

It was the Washington Mutual guy, and he's come out saying he's not taking the bonus. But we can hate him anyway.

46 posted on 10/06/2008 4:41:08 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: bert

Congress has the right to subpoena people.


47 posted on 10/06/2008 4:42:14 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: freebilly

Ohhh, hard to see how a jury would award him anything....


48 posted on 10/06/2008 4:57:07 PM PDT by misterrob (Obama-Keep the Change!)
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To: VictoryGal
"I say, open season on lying, stealing scumbags."

I agree, with the proviso that Congress (Barney Frank, Chris Dodd, Chuckie Schumer. et. al.) be included within the scumbag population.

49 posted on 10/06/2008 5:27:59 PM PDT by Czar ((Still Fed Up to the Teeth with Washington))
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To: Fox_Mulder77
and there isn't a jury in this country that would find him guilty.....

By your logic his assailant should have shot him....

50 posted on 10/06/2008 6:35:09 PM PDT by freebilly
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