Former Lehman Brothers CEO Richard Fuld made an appearance before the House Committee on Oversight and Government Reform to talk about the conditions at the failed investment bank before it shut its doors and how Lehman contributed to the Wall Street disaster that led to the $700 billion bailout package that passed late last week. Rep. Henry Waxman (D-CA) was particularly outspoken, calling into question the hundreds of millions that Fuld raked in (about $480 million since 2000) even while the firm floundered.
Interestingly, if you take a look at this photo of Fuld making his appearance, George Sard appears to be peeking out above Fuld's outstretched arm. Sard Verbinnen is cited here on CNNMoney.com as the contact for Fuld's spokesperson. So not only does PR have a seat at the table, they also seem to have a seat at the Congressional hearing.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins