The Curse of Dick Fuld – Deal Journal – WSJ

The Curse of Dick Fuld – Deal Journal – WSJ.

Nader Nazemi-Dick Fuld-Lehman Brothers

Richard Fuld, at a House Oversight and Government Reform Committee hearing on the causes and effects of the Lehman Brothers bankruptcy, on Capitol Hill in Washington, in this October 6, 2008 file photo.

Talk about bad luck for Dick Fuld and Lehman Brothers …

Call it the curse of Dick Fuld.

In just over three weeks, the executives who carved up the still-warm corpse of Lehman Brothers, Mr. Fuld’s beloved investment bank, have lost their jobs.

When Lehman, where Mr. Fuld was CEO, collapsed in one of the most dramatic moments of the financial crisis, Japanese investment bank Nomura Holdings Inc. and Britain’s Barclays PLC bought up the pieces. Nomura took Lehman’s European and Asian operations and Barclays picked up its core U.S. business.

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