lly Richard Fuld, Lehman's embattled CEO. According to Barr,The big Lehman Brothers (LEH) story Monday is that CEO Dick Fuld is on the ropes. The Observer (U.K.) newspaper, citing “well-placed sources within the bank,” reported over the weekend that Fuld faces a “planned coup” that will force him out by year-end. The paper said operating chief Bart McDade, installed in June as Fuld sought to restore faith in the firm after a big second-quarter loss took Wall Street by surprise, has taken over many of Fuld’s responsibilities.
There is nothing new here but so far, Fuld has not managed to find a way to defuse the crisis facing Lehman and it remains unlikely he can survive all that much longer. The real question is, can Lehman?
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