Lehman Brothers Critique

The article "Lawmakers Lay into Lehman CEO" makes it seem like the company's CEO, Richard Fuld, Jr., tried to tell investors the idea that the company was doing okay even though he knew that it was in trouble. Fuld said that he did not lie to investors. However, the "hefty borrowing, high pay, and excessive risk-taking" that lawmakers talked about shows that he probably did lie (Craig). Fuld told them that "there was no intent to mislead anyone," but this disagreed with the facts that were given in the case. This included his "upbeat public comments" on the company's financial situation. The article talked about investors that carried signs outside of Fuld's trial that said "Crook" and "Jail not Bail" (Craig). These signs show that the investors think Fu

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