Lehman Brothers C.E.O. Dick Fuld expected his top executives to get married, and stay married. For their wives, the firm was both fishbowl and shark tank, with unwritten rules about the clothes they wore, the charities they supported, and the hikes they took at the company’s Sun Valley retreats. One and a half years after the firm’s collapse, in an excerpt from her new book, the author sums up the high price—a life of isolation, backstabbing, and hypocrisy—paid by Lehman’s better halves.This long article is an excerpt from the new book The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, by Vicky Ward,
Saturday, March 13, 2010
Lehman’s Desperate Housewives
Vanity Fair reports: