Tuesday, June 10, 2008

Lehman's Fuld dumps stock at the highs

Lehmna's Dick Fuld, who is raising $6 billion today at $28, sold stock at much higher prices. In November, he sold almost $13 million of stock at $63, and in June of last year, before the financial crisis hit Lehman, he sold 800,000 shares at $77 netting over $60 million.

To bad he didn't do the same for his company.

Yesterday, their CFO Erin Callan, did the conference call for the institutions regarding Lehman's capital raise.

She owns all of 4,352 shares.

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