Can Fuld resist kneejerk cuts in Europe?
Lehman Brothers’ European equities and M&A businesses have been in growth mode for five years, and last year produced excellent results. But Dick Fuld, Lehman’s CEO, is on the rack. Will he cut back this business, as Lehman has done in past downturns? As David Rothnie argues, Fuld is certainly not afraid to wield the knife.
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