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
|Barclays Investment Bank||Allen B Cutler, Stephen M Lessing, Joseph Lewis Jr, Jai Chabria, Matthew Devlin, Howard Longstreth Clark Jr, Mark D Gilbert, Theodore Roosevelt V, Harvey M Krueger, Barbara Ann Moakler, Kim N Wallace, Theodore Roosevelt IV, Peter J. Taylor|
|U.S. Department of the Treasury||Samuel Hanson, Roger C Altman, Susan B Levine, Kim N Wallace, Ralph L Schlosstein, Emil W Henry, Bill Walton|
|Citigroup Inc.||Joseph Lewis Jr, Robert Matza, Peter Miller Dawkins, Diana Taylor, Charles Millard, Frank D Yeary|
|Goldman Sachs||George Herbert Walker IV, Mark D Gilbert, James A Johnson, Ron Di Russo, Nomi Prins, Anthony Scaramucci|
|Brookings Institution||James A Johnson, David F Swensen, F Warren Hellman, Edmund A Hajim, Alan R Batkin, Stephen M Wolf|
|Blackstone Group||Stephen Schwarzman, J Tomilson Hill, Peter G Peterson, Carol Kim, Roger C Altman|
|Obama for America||Mark D Gilbert, James A Johnson, Steven Gluckstern, John B Rhea, Peter J Solomon|
|Federal Reserve Bank of New York||Richard S Fuld, Peter G Peterson, Suresh Sundaresan, Michael Koh, Samuel Hanson|
|Council on Foreign Relations||Richard C Holbrooke, J Tomilson Hill, Vincent A Mai, Jami Miscik, Peter G Peterson|
|American Museum of Natural History||Ralph L Schlosstein, Theodore Roosevelt IV, Peter J Solomon, Roger C Altman, Richard C Holbrooke|
|Millennium Management||Kunho Cho, Hyung Lee, Michael Gelband, Dey Joneja, Yannis Vasatis|
|Department of State||Richard C Holbrooke, Theodore Roosevelt IV, George W Ball, Robert E Kiernan III|
|Columbia Business School||Diana Taylor, Peter J Solomon, Dey Joneja, Howard Longstreth Clark Jr|
|John F Kennedy Center for the Performing Arts||James A Johnson, Jack Oliver, Anthony Scaramucci, Stephen Schwarzman|
|Salomon Brothers, Inc.||Frank D Yeary, Louis Colosimo, Robert E Kiernan III, David F Swensen|
|Bank of America Corporation||Robert W Scully, Todd Lemkin, Scott Delman|
|Morgan Stanley||Louis Colosimo, Robert W Scully, Suresh Sundaresan|
|BlackRock, Inc.||Sue Wagner, Ralph L Schlosstein, Richard Rieder|
|The Hamilton Project||Ralph L Schlosstein, James A Johnson, Roger C Altman|
|Harvard Kennedy School||James A Johnson, Ralph L Schlosstein, Steven J Berger|