Magazine : Archives : The C-Suite Issue 2016
The Decline of the Imperial CEO
Richard Fuld’s official title was not “imperial CEO.” He was better known as “the gorilla” after having once torn his shirt off it in a fit of anger. The former chief executive officer of Lehman Brothers, whose speech was filled with expletives, once pushed everything off a manager’s desk for asking Fuld to wait. An elevator was reserved for his private use, delivering him to his office on the executive floor referred to as “Club 31” by employees. None of this would be especially important, except that in 2008 Fuld presided over the collapse of the fourth largest investment bank...
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