Budde Says Lehman's Fuld Understated His Pay to Congress: Video
1,649 views · Published 23 March 2012 · 4:45 · Indexed 23 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
April 30 (Bloomberg) -- Oliver Budde, a former associate general counsel at Lehman Brothers, talks with Bloomberg's Erik Schatzker and Deirdre Bolton about former Lehman Chief Executive Officer Richard Fuld's compensation.
On Oct. 6, 2008, three weeks after Lehman had filed the largest bankruptcy in U.S. history, Fuld testified under oath to Congress that his total compensation from 2000 to 2007 was less than $310 million, not the $485 million that appeared on House Committee on Oversight and Government Reform chair Henry Waxman's chart. Budde says he believes Fuld understated the amount by more than $200 million. (Source: Bloomberg)
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