Richard S. Fuld Jr., chief executive off

Richard S. Fuld Jr., chief executive officer of Lehman Brothers, testifies before the US House Oversight and Government Reform Committee October 6, 2008 on Capitol Hill in Washington, DC. Fuld told the committee, "I take full responsibility for the decisions that I made and for the actions that I took." He defended his actions as "prudent and appropriate" based on information he had at the time. "I feel horrible about what happened," he said. Committee chairman Rep.Henry Waxman D-CA,questioned Fuld on whether it was true he took home some $480 million in compensation since 2000, and asked: "Is that fair?" AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP via Getty Images)