Sailor Boys

Bullingdon Boys - Our "Betters"

The Bullingdon Club of 1992: pictured are (1) George Osborne, (2) Harry Mount, (3) Chris Coleridge, (4) Lupus von Maltzahn, (5) Mark Petre (6) Peter Holmes a Court, (7) Nat Rothschild, (8) Jason Gissing

Principal characters

Lord Rothschild and son, David Cameron, John Osborne, Baron Mandelson, Gordon Brown, Russian oligarchs, Mafia and gangsters inc.

Sunday, 26 October 2008

Disgraced chief of failed bank Lehman Brothers pocketed £172million before collapse


By David Gardner
Last updated at 1:33 AM on 08th October 2008

The disgraced head of the giant investment bank whose collapse set off a panic which led to the US economic rescue package took home more than £172 million since 2000, he told the U.S. Congress.

Richard S Fuld Jr, chief executive officer of Lehman Brothers, ignored a warning that the bank's 'liquidity can disappear quite fast' and dismissed suggestions that staff may not get their bonuses.

Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress heard.

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