Management at Lehman Brothers was known for their extreme devotion to the firm.
Bankers even missed the birth of their children because of their Lehman priorities.
But when Lehman filed for bankruptcy in 2008, those same devoted bankers lost nearly everything.
Many top Lehman executives found other jobs on Wall Street, while others could not, and some just called it quits.
Dick Fuld; former chief executive officer and chairman
After serving as CEO for 14 years, in September of 2008, Lehman filed for bankruptcy with more than $600 billion in debt. The investment bank had been heavily leveraged and invested in the subprime mortgage business and held billions of dollars of toxic debt.
On September 17, 2008, Fuld sold 2.87 million of his Lehman shares for $.20 each, cashing out with $639,082 from a position valued a year earlier at over $168 million.
In 2009, he started Matrix Advisors, a firm that provides executive strategic counseling. In early 2012, he lost his securities license and has no Wall Street employment.
Joe Gregory; former COO and president
During June of 2008, Gregory was asked to leave after serving for over 30 years. Lehman shares had fallen 25% in a week, even though the firm had raised $6 billion in funding.
He is one of Lehman's largest individual creditors, with a total claim of $233 million in deferred compensation.
Since leaving Lehman, Gregory has been in the news for selling several of his properties and vehicles.
He sold his prized helicopter that he used to fly from his Long Island home to Manhattan, and fired his household staff of 29.
His Bridgehampton home, listed for $32.5 million, sold for $20 million to Donny Deutsch.
And, just a few weeks ago, he put his Lloyd Harbor, NY home on the market for $22 million.
Erin Callan; former CFO
Callan served as CFO from late 2007 through June 2008, and gave the media a recognizable face while giving the bank a new sense of transparency. Due to Lehman's poor balance sheet and plummeting stock, Callan was fired after only six months as CFO.
After leaving Lehman, she joined Credit Suisse as a hedge fund advisor, but did not stay for long.
In late 2007, Callan married a long-time friend and high school classmate, Anthony Montella, a New York City firefighter. It was a second marriage for both.
Since leaving Wall Street, she has spent most her time at her $3.9 million East Hampton residence.
See the rest of the story at Business Insider
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