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11:20 AM
Justin Grant
Justin Grant
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Where Are They Now? The Lehman Bros. Edition

Former Lehman Brothers CFO Erin Callan found a rather comfortable rock to crawl under after the stunning collapse of her firm two years ago.

Former Lehman Brothers CFO Erin Callan found a rather comfortable rock to crawl under after the stunning collapse of her firm two years ago.

After years of futile attempts to sell off the East Hampton cottage she bought with her ex-husband in 2005, Callan is apparently settled into her posh digs as she tries to regroup following a meteoric rise and a dizzying fall on Wall Street.

According to CNBC, Callan pulled the house off the market in June 2009 and has been living there with her boyfriend, Queens fireman Anthony Montella ever since.

From CNBC:

In October of 2008, after Lehman had collapsed, the house was listed for sale for $3,750,000. It was pulled off the market a month later, only to be put back on the market in February of 2009 for $3,950,000. A month later the price was dropped back down to $3,600,000. It was taken off the market again three months after that.

It's been off the market since June of 2009, which may mean that Erin has just decided to stay put. Maybe she's just happier in her oversized Hamptons cottage, with nothing to remind her of Wall Street except the occasional law suit or SEC inquiry.

On the other hand, former Lehman CEO Dick Fuld apparently has no plans to ride quietly into the sunset. Despite facing an SEC investigation, a lifetime of lawsuits, and an ever so remote threat of prison time, "The Gorilla" is back in the game with his new investment advisory firm, while acting as if he hasn't a care in the world.

From New York Magazine:

The bank's former CEO is stepping out in the spotlight again with his new midtown investment advisory firm, including meeting with financial executives to set up a private equity deal and showing up at San Pietro, the swanky restaurant he visited during Lehman's heyday. A source told Fox Business, "It was bizarre. He acted as if he has nothing to worry about." Or maybe there's a market for the kind of savvy that helps you set off a financial crisis and still avoid jail time. [Fox Business]

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio
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