Kathy Fuld Liquidates a Few Assets
If you're stressed out about losing your job or not being able to pay your mortgage, you may want to take a lesson from Kathy Fuld, the wife of Lehman CEO Dick Fuld and the man who will forever be known as man who led the firm into bankruptcy. According to art dealers, Kathy has put a set of Abstract Expressionist drawings worth some $20 million up for auction. She didn't waste any time either: Christie's announced the November 12th sale of the drawings just four days after Lehman went bankrupt. The Fulds aren't exactly in the poorhouse—Dick took home $35 million last year—but Kathy's a sensible gal and replenishing the coffers isn't the worst idea in the world when you have a large estate in Greenwich and mortgages on a $20 million Park Avenue co-op and $13 million Florida beach house.