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Leman Brothers to Pay CEO $186 Million

The New York based bank Lehman Brothers plans to give the company`s CEO, Richard Fuld, $186 million in ten annual installments of $18.6 million. From documents the company provided to Federal authorities, Fuld will receive 10 separate installments of 246,395 limited stocks, to be transferred from 2007 to 2016, as long as, Fuld stays at the company. All together Fuld will receive 2.46 million shares, with each share currently valued at $75.38.

Fuld has been CEO of Lehman Brothers since the company split from American Express in 1993. Lehman Brothers, an investment bank working in a variety of financial fields, has doubled its value in the past 2 and a half years and is now traded at a value of $40 billion.

which the company agreed to pay its executives in accordance with the company`s performance. But the company`s performance has been so good since the agreement was signed that the company`s board of directors was forced to reduce the number of shares Fuld was to get. The company`s net worth has jumped from $3 billion ten years ago when the agreement with Fuld was signed to $40 billion today. Lehman Brothers Holdings, Inc. was founded in 1850 and is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking.