CEO News - Windfalls, Moves, Resignations, Accusations
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In the meantime, Reuters reports that Societe Generale's former Chairman, Daniel Bouton, will keep the use of his chauffeur and secretary for 12 months, as he adjusts to life after stepping down.
The New York Times reports that former Lehman Brothers CEO Richard Fuld has now resigned as the Chairman of Lehman Brothers Holdings. Fuld is now working in an unspecified role for US fund manager Matrix Advisors.
Whilst Stefan Jentzsch, the former CEO over at Dresdner Kleinwort, has has now landed as a partner in Perella Weinburg's Advisory Group.
The New York Times reports that J. Ezra Merkin, the New York financier who lost $2.4bn of client funds by 'investing' with fraudster Bernie Madoff, is giving up control of three of his hedge funds to a liquidator.
Merkin himself has been accused of failing to undertake due diligence when making clients introductions and investments with Madoff, and has been charged by New York State Attorney General Andrew Cuomo of lying to clients about where he was investing their money.
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