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Richard S. Fuld Jr. remains one of the most scrutinized figures in modern financial history, largely due to his role as the last Chairman and CEO of Lehman Brothers, the iconic investment bank whose collapse in September 2008 acted as a catalyst for the global financial crisis. Born in 1946, Fuld spent the better part of his adult life building Lehman into a powerhouse, navigating it through periods of massive growth, deregulation, and ultimately, into the jaws of the most severe financial crisis since the Great Depression. An analysis of his legacy requires a deep dive into his aggressive leadership style, the meteoric rise and catastrophic fall of his empire, and the enduring debate over his personal responsibility for the disaster.
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