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Certain stock awards were being hidden
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Inside Lehman Brothers

Certain stockawards were being hidden and not being disclosedto the public because we had...

Certain stock
awards were being hidden and not being disclosed
to the public because we had found
this loophole

Full Transcript

00:00:01.000 --> 00:00:03.287
Certain stock awards were being hidden
00:00:03.378 --> 00:00:04.096
and not being disclosed to the public
00:00:05.046 --> 00:00:06.662
because we had found this loophole.
Duration
7 seconds
Views
28
Timestamp in Movie
00:53:35
Uploaded
Jun 26, 2025
Genres
documentary
Production
N/A

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Movie Summary

Inside Lehman Brothers is the autopsy of a crime by those who tried to prevent it from within. Mortgage brokers from California and a handful of New York executives called out these fraudulent transactions. But nobody listened.
And so this meant that, for the CEO, - Inside Lehman Brothers 00:09
And so this meant that, for the CEO,
This was going to be very embarrassing - Inside Lehman Brothers 00:04
This was going to be very embarrassing
We're finally at the booklet, it's called the proxy statement, - Inside Lehman Brothers 00:09
We're finally at the booklet, it's called the prox...
I got the book and I opened it up, - Inside Lehman Brothers 00:06
I got the book and I opened it up,
By then, Mr. Fuld, the CEO, and the other guys - Inside Lehman Brothers 00:06
By then, Mr. Fuld, the CEO, and the other guys
And so, on this new table that said, - Inside Lehman Brothers 00:06
And so, on this new table that said,
He was holding 409 million and they disclosed 146 million. - Inside Lehman Brothers 00:06
He was holding 409 million and they disclosed 146 million.
They hid 260 million dollars worth of stock awards. - Inside Lehman Brothers 00:05
They hid 260 million dollars worth of stock awards.
Over a quarter billion dollars worth of stock - Inside Lehman Brothers 00:08
Over a quarter billion dollars worth of stock
Now it was black and white, - Inside Lehman Brothers 00:09
Now it was black and white,
The Securities and Exchange Commission is the regulator - Inside Lehman Brothers 00:09
The Securities and Exchange Commission is the regulator
You submit the material through an email, - Inside Lehman Brothers 00:05
You submit the material through an email,
I gave them all this information that said, hey, - Inside Lehman Brothers 00:08
I gave them all this information that said, hey,
It was easy enough for a reporter, - Inside Lehman Brothers 00:06
It was easy enough for a reporter,
And I sent it in and I got an automatic email back - Inside Lehman Brothers 00:10
And I sent it in and I got an automatic email back
And then I remembered this code of ethics - Inside Lehman Brothers 00:07
And then I remembered this code of ethics
And I remember how I thought it was funny - Inside Lehman Brothers 00:10
And I remember how I thought it was funny
So it was telling me, the code of ethics - Inside Lehman Brothers 00:07
So it was telling me, the code of ethics
So I sat down on Sunday afternoon with my computer - Inside Lehman Brothers 00:05
So I sat down on Sunday afternoon with my computer
"During my tenure with the firm, - Inside Lehman Brothers 00:10
"During my tenure with the firm,