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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 first of the promised Monday board lunches was scheduled for November 14, in the unadorned, windowless dining room off the trading floor, where meals were kept in a food warmer in a small adjoining kitchenette. This informal lunch turned out to be harmonious.

But the harmony was short-lived. Before the month was out another bomb went off at Lehman. And its fuse was lit by former Lehman partner Eric Gleacher when Gleacher’s friend Peter Solomon told him that Pete Peterson had some nice things to say about “the graceful way” Gleacher had left the firm. Gleacher was taken aback, for he and Peterson had never gotten along. But Peterson, Gleacher observed before he left on November 1, was in a melancholy mood, finding time for daily chats with ...

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