CEO Graveyard: Dick Fuld

DickFuldCrook.pngsai 25 next.gifsai 25 prev.gif

 

Company: Lehman Brothers

Advertisement

Bankruptcy Date: Sept. 15, 2008

Why: Former Lehman Brothers CEO Dick Fuld drove his own company into the ground by not selling it before the entire thing went bankrupt. He also held 10 million Lehman shares and lost nearly $1 billion, leading him and his wife to sell their art collection and mansion (to avoid creditors) and even start flying commercial! To Fuld's credit, he never did sell those shares. The captain stayed with the sinking ship even as it hit the mortgage crisis iceberg and sank into the depths.

Read next

Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.