Richard Fuld, CEO of Lehman Brothers, has taken some shots as of late. In one instance, it was literal; he was working out in the corporate gym, on the treadmill with a heart monitor on, when someone punched him, knocking him out. He took another beating before Congress, which took him to task for incompetence and mismanagement on a colossal scale. The New York Times notes that during the hearing, an e-mail was produced showing that four days before the bank filed for bankruptcy protection, Lehman's compensation committee was asked to grant $20 million in "special payments" for three executives. Fuld maintained that he did not mislead investors and that he lost millions on the shares that he owned. No one is crying for him. Many experts said he did not do enough to avert the collapse. So what do you think: Did he deserve either beating?

For more:
- here's the article [1]
- here's a New York Times recap [2] of the hearings

Related Articles:
The Death of Lehman Brothers [3]
More on the man in the middle: Richard Fuld [4]
The future of Richard Fuld [5]