Knock Out: CNBC Confirms Lehman CEO Punched at Gym

**Carlos_E** · 10-07-2008, 11:43 AM

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.

http://www.businessandmedia.org/arti...006150152.aspx

**Carlos_E** · 10-07-2008, 11:43 AM

If this is true.

**Voice of Reason** · 10-07-2008, 02:12 PM

Nice...

**Dizz28** · 10-07-2008, 03:17 PM

Very nice, this practice should be legal. A stipulation of taking the Bailout money

**novastepp** · 10-09-2008, 05:23 PM

"someone in the corner pumping iron" (definitely someone here) "walked over and just knocked him out cold."

**FallenWyvern** · 10-09-2008, 07:16 PM

Originally Posted by Dizz28

Very nice, this practice should be legal. A stipulation of taking the Bailout money

Huh, Lehman went bankrupt without any government at all.

No bailout for Lehman.

This guy lost $500 million in net worth when they went bankrupt.

I would have punched him though.

**rhino1** · 10-09-2008, 09:58 PM

I would have kicked him in the balls....

WOW...a mod suspended....wonder what for?

**sam1969** · 10-10-2008, 01:11 PM

too bad its not on youtube

**Voice of Reason** · 10-10-2008, 05:09 PM

Someone should KO or kill, whatever... everyone of those AIG fvcks that went on a week long retreat at a luxury resort days after they got 85 billion from the bailout. The jaunt cost the company, and by extension U.S. taxpayers, $200,000 for rooms, $150,000 for meals and $23,000 for spa services.

And they asked for another 38 billion.

**FallenWyvern** · 10-10-2008, 06:48 PM

Originally Posted by Voice of Reason

Someone should KO or kill, whatever... everyone of those AIG fvcks that went on a week long retreat at a luxury resort days after they got 85 billion from the bailout. The jaunt cost the company, and by extension U.S. taxpayers, $200,000 for rooms, $150,000 for meals and $23,000 for spa services.

And they asked for another 38 billion.

Bad taste for sure...

These things were planned far in advance, I guess they didn't get the memo that they were bankrupt and owned by the government now...