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Ex-Wall Street CEOs Lead G20 Protesters
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The charge was spearheaded by former Lehman boss Dick Fuld, who was seen organising a troupe of his former cohorts shouting abuse outside PricewaterhouseCoopers, Lehman's bankruptcy administrator in the UK. At one point, Fuld was heard to order 'get the shorts', referring to a group of nearby bankers dressed in casual attire.
Fuld was later seen coming under heavy attack by a group of Lehman creditors. A witness confirmed that the former CEO was repeatedly punched in the mouth, and knocked to the ground. He keep getting back on his feet, however, insisting that he was fine. Fuld was later taken to hospital, and is currently in intensive care.
In the meantime, Sir Fred Goodwin, the former CEO at Royal Bank of Scotland, was caught smashing windows at the London Stock Exchange, and was detained by police after damaging a passing Mercedes. Police also questioned former Merrill Lynch CEO John Thain, who was in the area at the time. Thain insisted, however, that the damage was nothing to do with him. When asked for his comment, current BofA boss Ken Lewis said that, although he didn't see the incident, he was sure that Thain was in some way involved.
In the meantime, shareholders comforted a distraught Stephen Hester, the current Royal Bank of Scotland CEO, after protesters seriously damaged his vintage 1961 Ferrari 250 GT SW8 California Spyder. JPMorgan's Jamie Dimon happened to be passing-by at the time, and couldn't resist putting in a 'cheeky bid' for the wrecked car. Fed Chairman Ben Bernanke said that he would go halves.
Also coming under attack Wednesday was the Canary Wharf offices of Barclays Capital. Police reinforcements were called to the scene, but Barclays President Bob Diamond declined to take any help, saying that his firm was strong enough to manage without assistance.
And UK market regulator The Financial Services Authority (FSA) said that its staff were ready for action. CEO Hector Sants said: 'We have been in training for months now. We are prepared. Those protesters should be very scared of us'. When it came to a fight, however, FSA staff remained locked up in the safety of their building.
Former Bear Stearns boss Jim Cayne sent in a note of support to the protesters (unfortunately he couldn't be there, however, as he was off playing golf).
And Chuck Prince, former Chairman & CEO over at Citi, was seen outside Gresham Street police station pressing business cards into the hands of protesters being hauled-in by the fuzz. 'I'm rebuilding my career', he said, 'I always was a better lawyer'.
Finally, one former Wall Street boss who wasn't in the thick of it was ex-Merrill Lynch Chairman & CEO Stan O'Neal. 'I don't know what all the fuss is about', said O'Neal. 'Personally, life's never been better'.
Happy April Fool's Day!
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