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

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“Joan, I have just had the ultimate conversation with Lew Glucksman,” Peterson told his wife on the telephone late on the afternoon of July 13.

“What do you mean?”

“I will tell you when I get home,” he said.

Peterson was staggered by his five-hour meeting with Glucksman, absolutely flabbergasted when Glucksman launched his monologue about ships and the joy he gets at the helm of his own boat and announced that he wanted to captain Lehman alone.

Before Peterson could go home and share this experience with his wife, he first had to join Lew Glucksman for cocktails and dinner in honor of Arthur (Artie) Weigner, chief of all over-the-counter trading, who was celebrating his fiftieth year at Lehman, where he began as a $14-a-week errand boy/runner ...

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