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The Bros Of Lehman Brothers: Where Are They Now?

WHERE ARE THEY NOW? The Lehman Bros That Went Bust Dick Fuld Erin Callan Joe Gregory Chairman and CEO of Lehman Brothers Named Lehman Brothers' CFO mere Lifelong friends, wherever Fuld went from 1994 until it went under. Generally months before it went bust, Callan thought of as the biggest of the big bad guys of the financial crisis. was on the path to eventually become the bank's CEO. Gregory would follow. He worked at Lehman for 30 years. Before he was let go in 2008, he was Lehman's COO. 2008 Sold his $13.75 million Florida mansion to his wife for $10 days after Lehman collapsed, allegedly to shield the home from future creditors. After serving Lehman for 30 years, Gregory was asked to leave in June, when Lehman shares fell 25% in one Resigned from Lehman Brothers three months before it tanked. week. He had to lay off his household staff of 29 late that year. She joined Credit Suisse briefly before abandoning her career in finance. Stayed on at Lehman to help Alvarez & Marsal, the firm in |charge of sorting out the mess. 2009 Filed a claim for $233 million against Lehman's bankruptcy estate. He never collected. Instead he started selling off most of his assets. Left Lehman and founded Matrix Advisors, an M&A consulting firm. 2010 Despite Fuld putting in about 60 hours of work each week, his advisory firm didn't see much in the way of success. Married her boyfriend, Anthony Montella, whom she met in 2007. This was her second marriage. 2011 Sold his $32.5 million Bridgehampton mansion for $20 million. 2012 Lost his securities license. Listed his Lloyd Harbor, NY home for $22 million It was revealed that Fuld and his wife are major investors in GlyEco, a chemical recycling company. Moved out of her luxe 6,000 sq.-ft. Hamptons home to a 1,600 sq.-ft. 2013 house in Florida with her husband in May to save on her rent bill, In the first couple years after Lehman went under, Fuld was a social pariah. Now he's not even that -- his name Callan is still dealing with lawsuits and has to pay her own legal bills now that Lehman's liability insurance has run dry. Having put off having a baby until now, Callan, 47, is currently undergoing in-vitro fertilization in hopes of getting pregnant. Other than trying to sell off his dwindling assets, Gregory doesn't seem to be doing much of anything. just doesn't come up any more. He's still involved in a bevy of lawsuits; he'll be asked why he sold his house to his wife for $10 at his next deposition, in October. The Lehman Bros That Bounced Back Hugh McGee IlI Bart McDade Michael Gelband Former head of Lehman's fixed income division, Gelband is now a Former global head of investment banking at Lehman, McGee is now the head of investment banking at control of Lehman after Fuld was pushed Barclays Capital. He's one of Wall St.'s highest-paid bankers. Served as global head of equities and briefly Lehman's C0O. McDade took senior managing director at Millennium Management. aside in 2008. He is now with River Branch Capital, a successful equities trading and underwriting company. lan Lowitt Thomas Russo Scott Freidheim Replaced Callan to become Lehman's final CFO. Worked with Barclays untill and chief legal officer. Manages AIG's during the 2008 crash. He now runs 2012, and is now head of global strategy at Marex Spectron in London. Served as Lehman's vice chairman Lehman's chief administrative officer legal, compliance, regulatory affairs European operations of Bahrain-based and government affairs divisions. Investcorp Bank BSC. By Lisa Mahapatra INTERNATIONAL BUSINESS TIMES

The Bros Of Lehman Brothers: Where Are They Now?

shared by lisamahapatra on Sep 14
Mere months after the subprime mortgage market brought down Lehman Brothers Holdings Inc. in 2008, Richard S. Fuld Jr., the bank’s former chairman and CEO, referred to himself as “the most hated m...


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