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Greed and Glory on Wall Street: The Fall of the House of Lehman by Ken Auletta

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The phone in Peterson’s forty-third-floor corner office rang early the next morning, July 13, 1983. “Has Mr. Peterson come in yet?” Glucksman asked Melba J. Duncan, Peterson’s Jamaica-born executive assistant. She explained that Peterson was attending a breakfast meeting outside the office. Miss Duncan remembers “lots of urgent” calls from Glucksman that morning. When Peterson arrived about ten, she told him of Glucksman’s calls. Peterson jotted a few “operational” items, as he recalls them, on a yellow legal pad and, wanting to appear solicitous, walked down the two flights to see Glucksman.

Peterson entered what was called “the living room,” a spare office with no desk, a single couch and a couple of chairs. This office, one of three Glucksman ...

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