An example of group dynamic and emotional boardroom behaviour was exhibited by one of
the most prominent banking personalities, Dick Fuld, CEO of Lehman Brothers. In forming
his executive committee in 1996, “Fuld quickly instituted an ‘on-the-team-or-off’ mentality
at Lehman” (Fishman 2008). This behaviour had striking similarities with Irving’s findings
(see above). A colourful description of Fuld’s behaviour is provided by Andrew Gowers,
a former editor of the London Financial Times, who in 2006 joined Lehman Brothers
in London as head of corporate communications. Gower described him as a “textbook
example of the command-and-control CEO” who “inspired great loyalty and on occasion