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September 15, 2008

All Business: Lehman Brothers: Things didn't have to be this way

  • The firm's leadership never seemed to commit entirely to getting this mess under control.
    AP Business Writer

    NEW YORK — No corporate leader wants to be backed into a corner, but that's where Lehman Brothers' CEO Richard Fuld is now. He's right where he belongs.

    For months, Fuld, 62, thought the firm he has worked at since he left college could outrun the credit storm rather than deal with its consequences.

    . . .

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