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View Full Version : This is EPIC. - Knock Out: CNBC Confirms Lehman CEO Punched at Gym



NapalmEnema
10-07-2008, 14:40
http://www.businessandmedia.org/articles/2008/20081006150152.aspx

:lmao::lmao::lmao::lmao:

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

By Jeff Poor
Business & Media Institute
10/6/2008 3:59:29 PM

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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.

Dhig
10-07-2008, 14:43
He can afford the medical cost

http://www.youtube.com/watch?v=BKsixRnJwj4

NapalmEnema
10-07-2008, 15:49
He can afford the medical cost

http://www.youtube.com/watch?v=BKsixRnJwj4

After watching that I see why someone punched him. What a prick.

alfaroverall
10-07-2008, 15:57
Regarding his stock options point, he IS right; I've learned some basic knowledge of things like that from my dad, and if you leave them be, stock options will go to maturity and just poof out of existence, and you must also pay the strike price, which they apparently didn't include.

A layman's explanation of that for those who don't know it:
Stock options are provided to employees, executives, etc. of companies for various reasons: bonuses, additional compensation when the company is struggling and can't actually pay you in cash, etc. Essentially, the way they work is that when they are "given" to you, you have the option to "exercise" them, which means that you buy them at the price that the stock is currently at.

The main difference between stock options and regular stock is that the price of the options is kept at the price it was when the options were issued, called the "strike price." When and if the stock exceeds the strike price by a suitable margin, the individual exercises the options and generally sells the stock at the same time, earning the difference in profit. (I've forgotten if the individual can keep the shares if (s)he so desires.) So for example, if you had 1000 shares in options of a company, each with a strike price of $5, and a company's share value rose to $7, you could exercise those options and net $2000.

The other main difference is that there is a timeframe set for exercising stock options when they are issued; after this point they "reach maturity" which actually means they cease to exist. So if you don't exercise them within that timeframe, you lose them, end of story.

Overall, damn big number, but $480 million is a bit higher than it actually was, he's right about that. It's probably a wee bit below $400 million.

Carl Ragadamn
10-07-2008, 16:00
After watching that I see why someone punched him. What a prick.

Only a moron punches someone they know will sue them.

Matriel
10-07-2008, 16:09
Only a moron punches someone they know will sue them.

Well it said he was knocked out cold, so maybe he can get away with it. :)

Lethn
10-07-2008, 16:11
Only a moron punches someone they know will sue them.

Not like it's going to matter when we're going to be in a depression anyway apparently :p the money will be worthless.

Vanno
10-07-2008, 16:11
Only a moron punches someone they know will sue them.

The dude that will get sued probably hit him cause he no longer has any moniez. No use in suing a rock, as you won't get anything from it.

Dhig
10-07-2008, 16:15
The dude that will get sued probably hit him cause he no longer has any moniez. No use in suing a rock, as you won't get anything from it.

I would hit him to the floor, pour gasoline on him and set him on fire. Then I would take a piss beside him and when he tries to move into my beam of piss I would move just a bit so he cant reach it :ohno:

Nasty
10-07-2008, 16:42
The dude that will get sued probably hit him cause he no longer has any moniez. No use in suing a rock, as you won't get anything from it.

I sue rocks all the time, just in case they one day make some money.

Maas
10-07-2008, 16:47
Maybe he should spend some of his cash on replacing that glass chin -_-

Baralis
10-07-2008, 17:06
I think we should all have a turn at him.

Aragoni
10-07-2008, 17:11
What a fucktard. He should be thrown into prison and the government should then give the prisoners a legal right to rape him.