Richard Fuld to resign as CEO at Lehman Brothers Holdings
November 6th, 2008 Leave a comment Visited 30 times, 1 so far today
Richard Fuld to resign as CEO at Lehman Brothers Holdings
Lehman Brothers Holdings has announced that their current Chief Executive Richard Fuld would leave his position at the company by the end of the year.
He would not be given any severance or bonus when he departs.
He would however continue working in the company as a non-management chairman of the board.
Lehman Brothers has not announced his replacement at the moment.
The company recently created history by filing the largest-ever U.S. bankruptcy case.
Lehman Brothers spokesman Jonathan Doorley spoke about this new development: “For the record, Mr. Fuld offered to provide this transition cooperation without any claim to severance or other bonus payment at the end of his employment.”
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