The Lehman Brother’s board was dominated by Richard S. FuldJr, who served as chairman of the board, chairman of the company’s executive committee and chief executive officer. Early in 2008, the company’s stock was trading at US$65. By October 2008, it had sunk to US$3.65, following the company’s filing for bankruptcy in September 2008. The Federal Reserve refused to provide funds, as it did with other banks, as mentioned in Chapter 1