Jefferies Boss Richard Handller shares shares and taught it on the day and taught him

Sixteen years after the collapse of Lehman, Jefferies CEO Richard Handler shared an email sent to the former CEO, Richard “Dick” Fuld, sent a firm for the largest bankruptcy in the US history.

A number Instagram The articles, Handler, Lehman’ın revealed the exchange with Fuld before the fall.

“I once met you once a short time and I would like you not to help you completely for you that I have always been to the fear of the company you build.” He added that “modeled a large number of jefferies” to the financial giant.

On September 15, 2008, the Lehman brothers were presented for bankruptcy, more than $ 600 billion, the workers sent a last email to Fuld: “I am very sorry for the special company you have done.”

Fuld responded two weeks later, thanking the “support note” to think about “support note” and “to think (and) me.”

What did Lehman brothers learn from Wall Street?

Lehman’s brothers, a 158-year-old bank surviving in the 1929 Wall Street accident in 1929, “It was considered great to fail. Then, Jefferies Group Recently, Helm Alan was an investment bank with an employee.

Reflecting the collapse, Handler, the crisis “arrogant lessons”, “he kills arrogance” and “life will continue.”

In 2009, Jefferies became a small capital trading store Initial Seller for New York FedAllows you to participate in the purchase and sale of the open market open market for federal reserve operations.

10 Lessons of Handler:

1. There is nothing like “light liquidity crisis”
2. Everything in life is fragile
3. Sometimes bad things happen to bad people
4. Never take nothing
5. Leverage cannot distinguish between good or bad but both happy (grown)
6. You don’t have time as much as you think
7. The character is determined in hard times
8. The arrogance always kills
9. If your debt owners are at risk, your shareholders will most likely be deleted
10. If you remain positive through the storm, the sun always rises and life will continue.

See email exchange

Where is Dick Fuld now?

Fuld Ran Lehman 14 years ago from the collapse of the bank.

Followed by many times fucked in the coming years accused the government (and very aggressive boosts to increase hosting), before they start having somebad decisions“Years later.

Despite self-confession “The most hated man in America“Fuld was still able to build a career in the financial industry.

Today, 78 years old, the Matrix Private Kapital Group, which has invested in “high network value” customers.

Fuld in the first (and last) speech since the financial accident, Fuld said in 2015: “No matter what happens, I do not regret.”

A version of this story first published Fortune.com On September 16, 2024.

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This story was first displayed Fortune.com

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