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Tuesday, September 16, 2008

THE HOUSE THAT LEHMAN BUILT






The second most in-demand interview behind Sarah Palin? That would probably be Dick Fuld, the CEO of Lehman Brothers, who watched as the firm he led for more than two decades crumbled to pieces yesterday. Since rumors about Lehman's demise gained steam last week, Fuld has kept a low profile. Lehman employees didn't hear from him when the company filed for bankruptcy yesterday, he's been largely absent from the office in the last 48 hours, and according to the Wall Street Journal he's surrounded himself with a more elaborate security detail in recent days, which makes sense considering about 25,000 people would love to sock him in the face right now. So where is he? At his $10.82 million house in Greenwich, where he can always play a little tennis or take a dip in the pool to distract himself from the fact that his reputation has been ruined. After the jump, a tour of Casa Fuld!

Fuld's eight-bedroom house, which was built in 1936, is 9,710-square feet. It sits on a 512,701-square-foot lot and was purchased in 1992 for $7.3 million. It's not the only lavish home he owns. In February 2007, Fuld purchased an apartment at 640 Park from the estate of the late publishing heiress Evelyn Annenberg Jaffe Hall for $21 million, although renovations of the 16-room, full-floor apartment are still believed to be underway. Then there's his vacation home in Florida—Fuld and his wife Kathy paid $13.75 million for Jupiter Island spread in 2004—and the ski house they own in Vermont. Photos of Fuld's Greenwich spread above.



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