| Media |

The unflattering CU reference in New York's profile of Lehman Brothers CEO and accused Wall Street villain Richard Fuld

Keep Westword Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Denver and help keep the future of Westword free.

"Burning Down His House," an article in the current edition of New York magazine, focuses on Richard "Dick" Fuld (pictured), the CEO of Lehman Brothers, the largest financial-services business to fail in the current economic fiasco, as well as the most prominent firm not to benefit from the sort of federal government rescue instituted on behalf of corporations such as AIG, Bear Stearns and Citigroup. The piece grapples with the question of whether or not Fuld is the "villain" of the crisis, as Florida congressman John Mica claimed during an October hearing. But along the way, writer Steve Fishman includes a quote sure to distress representatives of the University of Colorado-Boulder, from which Fuld earned a degree in 1969.

The key passage involves the team Fuld assembled to support him upon becoming Lehman's chief executive in 1994 -- most prominently Joe Gregory, installed as president:

Fuld quickly cleaned house and promoted Gregory. "You're the best business fixer I have," Fuld told him. In 1996, Fuld formed an executive committee, appointing Gregory and a half-dozen others. "Everybody in his inner circle had equally undistinguished backgrounds, not top schools, not top-decile performers," said one former associate, an investment banker. There was barely an Ivy League degree among them--Fuld had graduated from the University of Colorado, Gregory was a Hofstra alumnus.

Of course, odds are slim that CU has been touting Fuld as one of its prominent alumni in recent months. Still, a major profile that dismisses the university as "undistinguished" and far from the upper echelon of educational institutions adds insult to associated injury. -- Michael Roberts

Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Westword community and help support independent local journalism in Denver.


Join the Westword community and help support independent local journalism in Denver.