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

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INTRODUCTION

A few days after Lehman Brothers Kuhn Loeb was sold to Shearson/American Express in April 1984, Peter G. Peterson was holding court at the Candy Kitchen in Bridgehampton, Long Island, a coffee shop–ice cream parlor that is a magnet for the writers, producers, publicists and businessmen who spend their weekends in or near that fashionable resort. The former chairman of Wall Street’s oldest continuing partnership shared his booth with journalist William Broyles, who had taken his son and daughter there for waffles. Broyles tried to juggle Peterson’s obvious appetite for an audience with the incessant demands of his children—for maple syrup, milk, a fork, a napkin. I happened by in search of the morning papers, and Bill invited me to ...

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