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Those Responsible, Part 1: Lehman Brothers Board

Let’s remember these names, to keep them out of the business world until they die. Perhaps we should send them a card each September 15th…

“For your invaluable direction and wisdom while on the board of Lehman Brothers (invaluable of course in the sense that we’ll never really know the level of destruction your contribution (or lack thereof) waged on the U.S. economy). Best Wishes on dealing with your total failure! As opposed to so many others, you went out at the very bottom of your game.

Sincerely,
America”

“Nine of them are retired. Four of them are over 75 years old. One is a theater producer, another a former Navy admiral. Only two have direct experience in the financial-services industry.

“Meet the Lehman Brothers Holdings Inc. external board directors, a group of 10 people who, perhaps unknowingly, carried the health of the world’s financial system on their shoulders the past 18 months…”    –Dennis K. Berman on WSJ.com

Lehman Brothers Board of Directors

Richard S. Fuld, Jr.
Chairman and CEO

Michael L. Ainslie
Private Investor and Former Pres. and CEO of Sotheby’s Holdings

John F. Akers
Retired Chairman of IBM Corp.

Roger S. Berlind
Theatrical Producer

Thomas H. Cruikshank
Retired Chairman and CEO of Halliburton Company

Marsha Johnson Evans
Rear Admiral, United States Navy (Retired)

Sir Christopher Gent
Non-Executive Chairman of GlaxoSmithKline plc

Jerry A. Grundhofer
Chairman Emeritus and Retired CEO of U.S. Bancorp

Roland A. Hernandez
Retired Chairman and CEO of Telemundo Group, Inc.

Henry Kaufman
President of Henry Kaufman & Company, Inc.

John D. Macomber
Principal of JDM Investment Group