Waxman: Lehman CEO Not Cooperating With Me « The Washington Independent
As Congress and the President negotiate a gazillion dollar Wall Street bailout, the House oversight committee has launched an investigation into companies that have already failed, inlcuding investment bank Lehman Bros. But Henry Waxman, (D-Calif.) chair of the oversight committee, says that Lehman CEO Richard Fuld has not complied with a request to hand over company emails and documents from the past six months.
Fuld has told Waxman that the lack of emails is due to being “an infrequent email user.” But Lehman Bros has also said it can’t turn over other documents. Waxman writes in a letter to Fuld:
Waxman is a little skeptical about this:
This week, the British bank Barclay’s purchased most of what is of left Lehman Brothers.
Fuld will testify to the oversight committee about his time as Lehman CEO Oct. 6, with or without documents.