Saturday, 21st November 2009

 

21 May 2009 - Press Briefing

Fuld eyes $32m from sale of luxury New York home

Six months after selling his $13m (€9.4m) Florida mansion to his wife for just $100, former Lehman Brothers chief Dick Fuld is seeking to offload his luxury New York home for 50% more than he acquired it in 2007, according to a report in The Daily Telegraph, London.

Despite the continuing fall in US property prices, Fuld hopes to sell the 16-room apartment for $32m - nearly $11m more than the $21m he paid for it.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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