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FBN’s Charlie Gasparino on fmr. Lehman Brothers CEO Richard Fuld’s firm’s efforts to get business advising private equity firms.
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Former Lehman Brothers CEO Dick Fuld is looking to jump start his new business with a simple pitch.
I'm here to help you Charlie Gasparino therapy exclusively I don't know if you bought lots of hot stocks are here to help -- Happening hub it actually is -- since the funny thing and listen I don't begrudge people from making some money you know he's starting his own private consulting firm -- for but what he's it would use telling people with sources told fox news network.
Is -- if I can help you run your business he's actually going to private equity players people that buy companies.
I can help you run the companies.
That you own and it's kind of an -- in thing and in a lot of people very controversial.
Because as you know Lima Lehman Brothers imploded in 2008 almost three years ago.
Right on the money Dick Fuld was at the Helm allegedly running the show or not running the show depending on who you believe.
And so for him to go to basically private equity guys and say it I would I have a lot of experience in running companies.
You know it's turning a lot of heads on Wall Street people I'm talking to.
Are we are hearing this from France are that that's one of his pitches -- friends of friend of of folds told us he's basically thinking that there's a lot of people out there.
I'm Wall Street that need help.
And he knows how to runs up now.
I -- let's let's just OK let's.
Back up a little bit and at this point I mean it's actually hysterical little bit unless you brought -- her job at Lehman Brothers and all got a -- and I don't -- I mean that he would make that pitch right but let's let's back up a little bit about -- focused I've known for a long time.
People was considered before the implosion before 20072008.
-- the CEOs of Wall Street he brought Lehman back a couple times member of the 94 and 98 at the long term capital.
And they were the among the best performing stocks now the question he's.
-- those two years and the implosion mar that -- years -- have a pretty good performance as a CEO.
He would say no.
Others would say yes -- argument they -- Concern or the criticism would be that he either ignored or was in total denial that Lehman Brothers had way too much toxic.
Stuff on its balance sheets and that he watched it just go down without -- -- -- or half and that his subordinates.
Improperly.
Or inaccurately portrayed the state of the balance sheet which is -- the SEC.
Even though this investigation is on life support they have -- charges at all and they may never bring charges and looks like they're not what we are here from the SEC.
Is that they are still looking at this.
All of this odd because you know move on -- -- tell you -- it's -- play -- how many years to ramp up rate for -- pick -- -- designer get out.
How it does it does take awhile for these -- is -- statute of limitations.
-- the third person excuse I know it's a start up I don't I think you can investigate suffer while -- have to talk about my Twitter page right now closing bell ringing in a.
