... more » 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.[29] 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[33] 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. « less
Child Organizations
Lehman Brothers Trust Company, N.A.
Contolled entity of Lehman Brothers...
Neuberger Berman Holdings LLC
Asset management subsidiary of Lehman Holdings
Lehman Brothers Bancorp, Inc.
A holding company for Lehman Brothers' banking...
Lehman Re Ltd.
A wholly-owned subsidiary of LBHI, incorporated in Bermuda
Lehman Brothers Special Financing, Inc
A wholly-owned subsidiary of LBI,...
Leadership & Staff
board & execs »
1-10 of 67 :: see all
Robert C Lieber
former deputy mayor of NYC
Peter G Peterson
Blackstone Group chairman and co-founder; CFR chairman; former...
Jami Miscik
vice chairman of Kissinger Associates; former NSC director for...
Chris O'Meara
LBHI managing director, CFO New York
Herbert H McDade III
President and COO of Lehman Brothers Holdings Inc.
Carol Kim
Blackstone Group, Vice President Investor Relations & Business...
Theodore Roosevelt IV
Managing director at Barclays Capital; former managing...
Ralph L Schlosstein
Business executive, Founder of BlackRock
William L Walton
Chairman of Allied Capital
Services/Transactions
Verner Liipfert Bernhard McPherson & Hand
200 attorneys. Lobbyist...
Larry Summers
formerly Director of the National Economic Council
Pension Benefit Guaranty Corporation
Government corporation that insures...
University of California Board of Regents
The Board of Regents appoints the...
Schulte Roth & Zabel
Major corporate law firm
Targets of Lobbying



