Oh well that’s alright then 06 Oct, 2008
OK so at a mere $300m over eight years he wasn’t the fattest of the fat cats, but this story still beggars belief:
Mr Fuld said he took “full responsibility for the decisions that I made and for the actions that I took” and defended his actions as “prudent and appropriate” based on information he had at the time.
The former boss of Lehman has taken full responsibility for the decisions he was paid $300m to take. Oh that’s good of him. And hey, at least he was “prudent”. But wait! There’s more!
“I feel horrible about what happened,” he added.
What a splendid chap. BBC news: Lehman Bros head took home $300m.