How to negotiate with a BK candidate .... Buffett-style

It was in 2008 that Warren Buffett was on the receiving end of many phone calls from New York and Dick Fuld, Lehman’s former chief executive, and others with the deal of the month for Berkshire to come to the rescue of that financial disaster of an investment bank known as Lehman Brothers.

What did Warren Buffett do? He read the Lehman annual report, asked a few questions (got answers he didn't like), ate some more ice cream (his favorite dish), and then stopped answering phone calls from New York (effectively saying no to the deal).

Read further about the Lehman soap opera:


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Dick Fuld 2.0

Dick Fuld? You mean that Dick Fuld?

Yes, according to the Financial Times today, Dick Fuld is planning a comeback.

Dick "what-the-hell-did-I-do-wrong?" Fuld. Dick, the NYU MBA, Fuld. Dick, who's employees playfully called him The Gorilla, Fuld. Dick, the guy who used to own Lehman shares valued over a billion, Fuld.

Yeah, that Dick. Former billionaire on the comeback trail.

Here's the FT comeback story: Fuld weighs comeback with advisory boutique.


Hey, Dick, David Einhorn was right:


Fooling Some of the People All of the Time: A Long Short Story

T. Boone Pickens to Lehman Brothers: You Screwed Me!

Billionaire Oilman T. Boone Pickens files $60 million lawsuit against Lehman Brothers


Pickens' lawsuit demands $60 million plus interest and attorney fees from a unit of the late great Lehman Brothers investment bank. Pickens personally claims the largest share of this money—$18.2 million. Four of his BP Capital hedge funds claim the balance (including one registered in the Cayman Islands, a popular tax haven).


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