Richard Fuld Jr.

Richard Fuld Jr. is a former American banker best known for being the CEO of Lehman Brothers, a major investment bank. During his leadership, Lehman expanded heavily into risky financial activities. In 2008, the bank faced a severe financial crisis, ultimately filing for bankruptcy—one of the largest in U.S. history. This event significantly contributed to the global economic downturn. Fuld's role and decisions during this period brought attention to Wall Street practices and the risks associated with financial markets. He is recognized as a central figure in the financial crisis that reshaped banking regulations and economic policies.