Purpose – This paper aims to open up dialogue between several popular non-fiction books written on Lehman Brothers – and its chief executive officer (CEO) Dick Fuld in particular – and the academic literature on leadership and organizational culture. Design/methodology/approach – Vicky Ward’s book The Devil’s Casino is examined closely to understand the influence of the bank’s CEO on the organizational culture. Findings – A notable instance of coupling is highly recurrent in the book, linking the personality of Dick Fuld with his top management team and Lehman Brothers’ employees. Originality/value – Focusing on the CEO’s personality, this article engages with the academic literature allowing for a distinct problematization of the issue, and a potential resolution: the importance of changes in leadership to trigger an evolution in Wall Street’s culture.
Society and Business Review – Emerald Publishing
Published: Feb 9, 2015
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