Former CEO Richard S. Fuld Jr. started a mysterious organization called Matrix Advisors LLC after the Lehman Brothers flameout.
It’s been nearly a year since Lehman Brothers went belly-up, effectively kicking off the financial implosion of fall 2008. However, despite the firm’s catastrophic demise, some Lehman execs managed to land on their feet. Tuesday’s Wall Street Journal gives an update about their current activities. —KA
The Wall Street Journal:
Former Chief Legal Officer Thomas Russo has a senior position at a New York law firm, while Jeremy Isaacs, who headed Europe and Asia, launched a new investment business. Even ex-Chief Executive Richard Fuld has a new job.
The first anniversary of the firm’s collapse revives painful memories for some, who have argued the investment bank shouldn’t have been allowed to fail when rivals like Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) were saved just days later.
Many of the executives, including ex-Chief Financial Officer Erin Callan and former Chief Operating Officer Joseph Gregory, are still keeping a low profile amid lawsuits and regulatory investigations into the failure.