O'Reilly logo

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

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

In all, the negotiations lasted seven days, from the initial session on April 3 to the board meeting on April 10. After a hundred and thirty-four years as a private partnership, Lehman Brothers was to become the eighteenth Wall Street firm to merge with Shearson/American Express.

The sale of Lehman was splashed across the front pages. It made the networks, the news weeklies, the business publications. It was big news, and Glucksman and Rubin felt humiliated, felt they were cast as the heavies, as if they were responsible for murdering a venerable firm. For Pete Peterson, on the other hand, the sale appeared to be a vindication. In the Candy Kitchen in Bridgehampton, where he went each Saturday and Sunday morning at about seven to read the papers, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required