Happy Birthday To Greenwich’s Richard 'Dick' Severin Fuld Jr.

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Richard "Dick" Severin Fuld Jr. turns 69 on Sunday.
Richard "Dick" Severin Fuld Jr. turns 69 on Sunday.

GREENWICH, Conn. -- Happy Birthday To Greenwich’s Richard "Dick" Severin Fuld Jr.!

Fuld, who has owned a home in Greenwich, turns 69 on Sunday. The banker was born April 26, 1946, in New York City.

His first career as an Air Force pilot came to an end when he got into a fistfight with a commanding officer. He then began his career with Lehman Brothers in 1969, as a commercial paper trader and rose rapidly.

Fuld worked for Lehman for nearly 40 years and was best known as the final chairman and chief executive officer. He had held this position since the firm's 1994 spinoff from American Express until 2008.

During this time, he witnessed and participated in the numerous changes the organization endured, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton, and its ultimate spin-off from American Express in 1994, once again as Lehman Brothers.

In 2006, he was named No. 1 CEO in the Brokers & Asset Managers category, by Institutional Investor magazine. He is a member of the International Business Council of the World Economic Forum and the Business Council.

In December 2008, he was given the "Lex Overpaid CEO" award of the Financial Times for having received $34 million in 2007 and $40.5 million in 2006.

In late March 2009, he had an email sent out stating that he joined Matrix Advisors, a New York-based hedge fund.
He at one time served on the board of directors of the Federal Reserve Bank of New York.

In May 2010, he was registered by the Financial Industry Regulatory Authority as employed by Legend Securities, a securities brokerage and investment banking firm in New York. He left the firm in early 2012.

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Seriously? You call this "journalism" when you write a profile of Dick Fuld without mentioning that he brought down Lehman Brothers in 2008 because under his "leadership" the company was so over leveraged? Here's some REAL journalism from publicintegrity.org:

"Fuld has been widely criticized, by former Lehman workers and in official investigations, for allowing the firm to drown itself in too much debt. When it went bankrupt, for every dollar of capital Lehman held, it was borrowing at least $30. Some reports say the rate was higher than 40 to 1."

It reminds me of how Wharton whitewashed Mike Milken's crimes, and the fact that he brought down Drexel Burnham Lambert once he gave them a big enough donation to "forget".

It's totally sickening how the Daily Voice fawns on Greenwich residents solely on the basis of their wealth, no matter how challenged their ethics. It's a symptom of everything that is wrong with our town, our state, and our country.

There has to be some kind of sly irony implied in this birthday greeting. If not, the Daily Voice's editor needs to read Too Big to Fail by Andrew Ross Sorkin, in which Fuld's haplessness is documented.