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
U.S. Campaign Contributions since 1990 - learn more
Federal campaign contributions by people with positions at Lehman Brothers
3rd party / other
Outside Spending Groups
This data is compiled using OpenSecrets bulk data downloads. LittleSis analysts match federal campaign contributions given by individuals in our database using the donation matching tool.
Individual profile pages show giving information for the individual profiled; org pages show an aggregate analysis of giving information for individuals with positions or memberships at those orgs. Note that this information may differ substantially from data found at InfluenceExplorer or OpenSecrets, because it only includes donations for individuals in our database who have been donor-matched by an analyst.