At least he won't get a bonus. That's what a lot of former Lehman Brothers employees, no doubt, thought when the news broke that Richard Fuld, the controversial CEO of the bankrupt investment bank, will step down before the end of the year. He will stay on as chairman however to aid the bankruptcy process. He the bank has made clear he will not be getting any severance pay or bonus. He's still a wealthy man, but a lot less wealthy than he would have been if the firm hadn't gone belly up. He's wracking up quite a legal bill in any case. He and other Lehman Brothers execs remain at the top of the list of most likely to face enforcement action. At least a dozen execs have been subpoenaed, the AP reports. The amount of private litigation the bankruptcy spawned has been massive. He certainly left a legacy.

For more:
- here's an AP article

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