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|
|Schwarzman Scholars||$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||J Tomilson Hill, Stephen Schwarzman|
|Families for Excellent Schools - Advocacy Committee||$2,000,000||Jonathon S Jacobson|
|Congressional Leadership Fund||$1,702,700||Frank D Yeary, Stephen Schwarzman|
|Democratic National Committee||$1,413,249||Michael George, Theodore Roosevelt V, F Warren Hellman, Alan R Batkin, Scott Delman, Thomas A Russo, J Tomilson Hill, Felix G Rohatyn, Jason M Fish, Bradley H Jack, Richard S Fuld, Ronald H Filler, Wesley R Edens, Mark D Gilbert, Vincent A Mai, Roger C Altman, Steven Gluckstern, Anthony Scaramucci, Richard C Holbrooke, James A Johnson, Ralph L Schlosstein, Christopher J Williams, Peter G Peterson, Carole Brown, Peter J Solomon, Harvey M Krueger, Susan B Levine, Howard Longstreth Clark Jr|
|Republican National Committee||$1,138,718||J Tomilson Hill, Dr James R Schlesinger, Anthony Scaramucci, Bill Walton, Bruce P Jackson, Lief Rosenblatt, Bruce Robert Berkowitz, Ward W Woods Jr, Stephen M Lessing, Stephen Schwarzman, Frank D Yeary, Peter Miller Dawkins, Edmund A Hajim, Tully M Friedman, Peter G Peterson, Jonathon S Jacobson, Emil W Henry|
|Right to Rise USA||$1,004,845||George Herbert Walker IV, Herbert H McDade III, Bruce Robert Berkowitz, David Sherr, Theodore Roosevelt IV, Stephen Schwarzman, Stephen M Lessing|
|Democratic Senatorial Campaign Committee||$916,966||Thomas A Russo, Robert W Scully, Kim N Wallace, Bradley H Jack, James A Johnson, Christopher J Williams, Harvey M Krueger, Richard S Fuld, Peter J Solomon, F Warren Hellman, Felix G Rohatyn, Wesley R Edens, Ronald H Filler, Ralph L Schlosstein, Herbert H McDade III, Stephen Schwarzman, Roger C Altman, Lief Rosenblatt, Vincent A Mai, Mark D Gilbert, Owen D Thomas, Theodore Roosevelt IV, Bruce Richards|
|Jeb Bush||$799,030||J Tomilson Hill, Jeb Bush, Anthony Scaramucci, Michael Gelband, Stephen Schwarzman, George Herbert Walker IV|
|Democratic Congressional Campaign Committee||$699,933||Roger C Altman, Vincent A Mai, Felix G Rohatyn, Kim N Wallace, Alan R Batkin, Mark D Gilbert, Harvey M Krueger, Peter J. Taylor, Jason M Fish, James A Johnson, Thomas A Russo, Carole Brown, Ralph L Schlosstein, Christopher J Williams, Wesley R Edens, F Warren Hellman|
|National Republican Senatorial Committee||$662,640||Bill Walton, Peter Miller Dawkins, Anthony Scaramucci, J Tomilson Hill, George Herbert Walker IV, Jonathon S Jacobson, Thomas A Russo, Bruce Richards, Dr James R Schlesinger, Stephen Schwarzman, Peter G Peterson, Edmund A Hajim, Stephen M Lessing, Richard S Fuld, Robert W Scully, Tully M Friedman, Ward W Woods Jr|
|Barack Obama||$631,122||John Kilduff, Christopher J Williams, Roger C Altman, Ronald H Filler, J Tomilson Hill, Steven Gluckstern, John B Rhea, Richard C Holbrooke, Robert W Scully, Kim N Wallace, James A Johnson, Felix G Rohatyn, Peter J Solomon, F Warren Hellman, Mark D Gilbert, Robert F Shapiro, Jolyne Caruso-FitzGerald, Richard S Fuld, Carole Brown, Bill Walton, Ralph L Schlosstein, Wesley R Edens, Jami Miscik, Bruce Robert Berkowitz, Vincent A Mai, Jason M Fish, Anthony Scaramucci, Frank D Yeary, Theodore Roosevelt IV, Peter J. Taylor|
|DNC-Non-Federal Individual||$515,500||Peter J Solomon, F Warren Hellman, Ralph L Schlosstein, Felix G Rohatyn, James A Johnson, Scott Delman|
|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|