Lehman Brothers was founded in 1850 by two cotton brokers in Montgomery, Ala. The firm moved to New York City after the Civil War and grew into one of Wall Street's investment giants.
Shearson/American Express, an American Express-owned securities company focused on brokerage rather than investment banking, acquired Lehman in 1984, for $360 million. On May 11, the combined firms became Shearson Lehman/American Express. In 1988, Shearson Lehman/American Express and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc.
In 1993 American Express began to divest itself of its banking and brokerage operations. It sold its retail brokerage and asset management operations to Primerica and in 1994 it spun off Lehman Brothers Kuhn Loeb in an initial public offering, as Lehman Brothers Holdings, Inc.
On Sept. 14, 2008, the investment bank announced that it would file for liquidation after huge losses in the mortgage market and a loss of investor confidence crippled it and it was unable to find a buyer.more » « less
|Yale University||$150,000,000||Stephen Schwarzman|
|New York Public Library||$100,000,000||Stephen Schwarzman|
|Stanford University||$30,000,000||Ward W Woods Jr|
|Inner-City Scholarship Fund||$5,000,000||Stephen Schwarzman|
|Senate Leadership Fund||$3,095,000||Stephen Schwarzman, J Tomilson Hill|
|Families for Excellent Schools - Advocacy Committee||$2,000,000||Jonathon S Jacobson|
|Congressional Leadership Fund||$1,700,000||Stephen Schwarzman|
|Democratic National Committee||$1,413,249||Scott Delman, James A Johnson, Jason M Fish, Bradley H Jack, Ronald H Filler, Thomas A Russo, J Tomilson Hill, Felix G Rohatyn, Wesley R Edens, Vincent A Mai, Mark D Gilbert, Roger C Altman, Steven Gluckstern, Richard S Fuld, Anthony Scaramucci, Carole Brown, Richard C Holbrooke, Christopher J Williams, Ralph L Schlosstein, Harvey M Krueger, Peter G Peterson, Howard Longstreth Clark Jr, Peter J Solomon, F Warren Hellman, Susan B Levine, Alan R Batkin, Michael George, Theodore Roosevelt V|
|Republican National Committee||$1,138,468||Dr James R Schlesinger, Stephen Schwarzman, J Tomilson Hill, Anthony Scaramucci, Bill Walton, Lief Rosenblatt, Bruce Robert Berkowitz, Bruce P Jackson, Ward W Woods Jr, Stephen M Lessing, Peter Miller Dawkins, Edmund A Hajim, Tully M Friedman, Emil W Henry, Peter G Peterson, Jonathon S Jacobson|
|Right to Rise USA||$1,004,845||Herbert H McDade III, Bruce Robert Berkowitz, Stephen Schwarzman, David Sherr, Theodore Roosevelt IV, Stephen M Lessing, George Herbert Walker IV|
|Democratic Senatorial Campaign Committee||$916,966||Christopher J Williams, Harvey M Krueger, Stephen Schwarzman, F Warren Hellman, Peter J Solomon, Wesley R Edens, Ronald H Filler, Felix G Rohatyn, Herbert H McDade III, Kim N Wallace, James A Johnson, Ralph L Schlosstein, Roger C Altman, Lief Rosenblatt, Vincent A Mai, Owen D Thomas, Richard S Fuld, Bruce Richards, Mark D Gilbert, Theodore Roosevelt IV, Robert W Scully, Bradley H Jack, Thomas A Russo|
|Jeb Bush||$799,030||Jeb Bush, J Tomilson Hill, Anthony Scaramucci, Stephen Schwarzman, Michael Gelband, George Herbert Walker IV|
|Democratic Congressional Campaign Committee||$699,933||Roger C Altman, Vincent A Mai, James A Johnson, Felix G Rohatyn, Alan R Batkin, Harvey M Krueger, Peter J. Taylor, Mark D Gilbert, Jason M Fish, Carole Brown, Kim N Wallace, Christopher J Williams, Wesley R Edens, F Warren Hellman, Thomas A Russo, Ralph L Schlosstein|
|Barack Obama||$631,122||Steven Gluckstern, J Tomilson Hill, Robert W Scully, John B Rhea, Richard C Holbrooke, Carole Brown, Felix G Rohatyn, F Warren Hellman, Robert F Shapiro, Jolyne Caruso-FitzGerald, Peter J Solomon, Wesley R Edens, Mark D Gilbert, Frank D Yeary, Bill Walton, Ralph L Schlosstein, Bruce Robert Berkowitz, Vincent A Mai, Kim N Wallace, Jason M Fish, James A Johnson, Peter J. Taylor, Jami Miscik, Anthony Scaramucci, Theodore Roosevelt IV, Christopher J Williams, Roger C Altman, Richard S Fuld, Ronald H Filler, John Kilduff|
|National Republican Senatorial Committee||$587,840||Peter Miller Dawkins, Richard S Fuld, Anthony Scaramucci, J Tomilson Hill, George Herbert Walker IV, Bruce Richards, Jonathon S Jacobson, Dr James R Schlesinger, Thomas A Russo, Bill Walton, Edmund A Hajim, Stephen M Lessing, Robert W Scully, Peter G Peterson, Tully M Friedman, Ward W Woods Jr, Stephen Schwarzman|
|DNC-Non-Federal Individual||$515,500||F Warren Hellman, Ralph L Schlosstein, Felix G Rohatyn, Scott Delman, James A Johnson, Peter J Solomon|
|New Visions for Public Schools||$305,000||Peter G Peterson, Ralph L Schlosstein, Roger C Altman, Vincent A Mai|
|Trump Victory||$270,000||Bruce Robert Berkowitz, Anthony Scaramucci|
|Security Is Strength||$250,000||Jonathon S Jacobson|
|Conservative Solutions PAC||$250,000||Bruce Robert Berkowitz|