Corporate Directors Dodge Scrutiny After Companies Collapse

Wednesday, September 15, 2010

Lehman Brothers former Chairman and CEO Richard Fuld (L) testifies before the Financial Crisis Inquiry Commission about the roots and causes of the 2008 financial and banking meltdown, Sept 1, 2010. (Chip Somodevilla/Getty)

Two years after the collapse of Lehman Brothers, its directors remain in high demand in corporate America.  In fact, rather than face the public outrage and scrutiny that marred the reputations of their CEOs, sitting board members of many of Wall Streets' troubled firms, including AIG, Bear Stearns and Wachovia, still play an active role in the daily operations of corporate America.

Louise Story, Wall Street and finance reporter for our partner, The New York Times, tells us why the blame for corporate failure doesn't go all the way up the chain of command, and directors of failed companies can quickly find new employment.

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