The Penthouse That Couldn't Save Him
In 2008, executives at Lehman Brothers worked from the thirty-first floor of their Midtown Manhattan headquarters, surrounded by floor-to-ceiling glass that made the city look...
This is stories & illustrations, drawing on Obadiah 1:3-4.
In 2008, executives at Lehman Brothers worked from the thirty-first floor of their Midtown Manhattan headquarters, surrounded by floor-to-ceiling glass that made the city look small beneath them. Dick Fuld, the firm's CEO, was known internally as "the Gorilla" — a man so confident in his position that he dismissed every warning about the firm's overleveraged mortgage portfolio. When junior analysts raised concerns, he waved them off.…
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