Monday, 2 November 2009

Who's the Fuld?

The closing down sale of the Lehman Brothers art collection is providing plenty of opportunity to paint former boss Dick Fuld as a great art lover. But is he really such a polymath?
In the mid-1980s, when City firm L Messel was being acquired by the fast expanding investment bank, the young(er) Fuld was parachuted into London and put in charge of the European expansion.
Execs at Messel advised their new ambitious boss that if he was serious about achieving his aggressive plans, then they really needed to open a Frankfurt office.
"No way," he fired back earnestly. "We're never going behind the Iron Curtain!"

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