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Lehman chief on hot seat

by Julie Hershfield Davis; Judith BurnsAssociated Press, Dow Jones Newswire
October 7th, 2008

"The now-bankrupt investment bank Lehman Bros. arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout."

"After the hearing which started before a crowd of journalists and a smattering of protesters, then ended almost five hours later before a half-full room a weary-looking Mr. Fuld approached Mr. Waxman and said he hoped his testimony was helpful. He then left under protection from Capitol Police officers, going to a waiting sport utility vehicle while members of the protest group Code Pink pelted him with insults and called for Mr. Fuld to be jailed."

Associated Press (Houston Chronicle): Lehman CEO on hot seat

Dow Jones Newswires (SmartMoney.com): Lehman CEO under fire from lawmakers, protesters

New York Times (near bottom): Lehman managers portrayed as irresponsible