Richard S. Fuld, Jr. Receives Carnegie Hall Medal of Excellence

Richard S. Fuld, Jr. Receives Carnegie Hall Medal of Excellence

Mr. Fuld, Chairman and Chief Executive Officer of Lehman Brothers, Recognized for Outstanding Leadership in Arts Philanthropy

NEW YORK, Jan. 30 /PRNewswire/ -- On Monday, January 29, Carnegie Hall awarded its second-annual Medal of Excellence for outstanding philanthropic leadership in the arts to Richard S. Fuld, Jr., chairman and chief executive officer of Lehman Brothers. The award was presented to Mr. Fuld by Sanford I. Weill -- chairman of the Carnegie Hall Board of Trustees and Honorary Gala Chairman -- at a black-tie Gala Benefit at The Waldorf=Astoria. The gala, which was attended by more than 350 guests, raised over $2.7 million. All proceeds benefit Carnegie Hall's artistic and education programming.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070130/NYTU129 )

"Carnegie Hall is known for excellence, innovation, and integrity," said Sanford I. Weill, chairman of Carnegie Hall's board of trustees and honorary chair of the gala. "The Medal of Excellence recognizes a leader who embodies these same values, and we are proud to present the award to Dick Fuld and Lehman Brothers. Over the years, Dick has been a steadfast supporter of music and the arts and as a result of his efforts, our great city of New York and really the world are better off."

Carnegie Hall's Second Annual Medal of Excellence Gala was co-chaired by Sallie L. Krawcheck, Chief Financial Officer of Citigroup, and Jerry I. Speyer, President and Chief Executive Officer of Tishman Speyer. The gala was held at The Waldorf=Astoria's Starlight Roof and included a cocktail reception and dinner, followed by a brief program. The evening also featured a performance by Broadway stars Marin Mazzie and Jason Danieley.

Richard S. Fuld, Jr. has been chairman of the Board of Directors of Lehman Brothers Holdings Inc. and Lehman Brothers Inc. since 1994 and chief executive officer of the Company since 1993. He is chairman of Lehman Brothers' Executive Committee.

Mr. Fuld was president and chief operating officer of Lehman Brothers Holdings Inc. and Lehman Brothers Inc. from 1993 to 1994. He was president and co-chief executive officer of the Lehman Brothers Division of Shearson Lehman Brothers Inc. from 1990 to 1993. Mr. Fuld was a vice chairman of Shearson Lehman Brothers from 1984 until 1990 and has been a director of Lehman Brothers Inc. since 1984. He joined Lehman Brothers in 1969.

Mr. Fuld serves on the Board of Directors of the Federal Reserve Bank of New York and is a member of the Executive Committee of the Board of Directors of The Partnership for New York City. He is a member of the International Business Council of the World Economic Forum and The Business Council. In addition, he serves on the Board of Trustees of Middlebury College and on the Board of Directors of the Robin Hood Foundation.

Mr. Fuld received his B.A. from the University of Colorado and his M.B.A. from the New York University Stern School of Business.

Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers' services, products and recruitment opportunities, visit the Firm's web site at www.lehman.com.

Carnegie Hall features the world's greatest soloists, ensembles, and orchestras in its renowned Stern Auditorium/Perelman Stage, intimate Weill Recital Hall, and technologically advanced Zankel Hall. The legendary concert venue presents over 190 events each year and produces such acclaimed series as Perspectives, Making Music, and Distinctive Debuts. The recent establishment of The Weill Music Institute at Carnegie Hall paves the way for expanded opportunities as Carnegie Hall moves forward as an international cultural center representing the very best in musical performance and arts education.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070130/NYTU129
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Source: Carnegie Hall

CONTACT: Kate Johnston, +1-212-903-9767, kjohnston@carnegiehall.org

Web site: http://www.carnegiehall.org/
http://www.lehman.com/

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