The Fulds Will Not Be Defeated
Former Lehman Brothers CEO Richard Fuld led his firm into bankruptcy, was subjected to blistering criticism by lawmakers on Capitol Hill, was officially "terminated" yesterday by the firm he led for a quarter-century, and will be selling off $20 million worth of art next week to keep up his lavish lifestyle. So how is he handling the roughest stretch of his life? He's doing okay! At the New York Public Library benefit on Monday, an Observer reporter spotted Fuld and his wife, Kathy, and reports the couple was "looking relatively cheery." [NYO]