The Journal has been doing a great job of the inner conflicts – no, not shrink talk, political talk – at Lehman. I think it was The Times the other day that suggested perhaps it is time for Richard Fuld to go, but it’s The Journal which can walk a reader through the last couple of months and the problems as they arose.
Typically, the CEO has fired pretty much everyone beneath him, and one position, I think it was fixed income, he has replaced twice. You have to wonder where they board is – how about a special committee during a crisis to oversee the CEO, whose role has become too close to god-like in American companies, and review decisions on who gets fired. Does it really make sense to fire the people who know the topic thoroughly and introduce more executive politics in the middle of an unfolding disaster? For real in-depth reporting on it, check out the stories which have been appearing regularly in the WSJ.

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