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