• Lehman Brothers is a United States-based financial services company that provides a variety of commercial financial services worldwide, including various investment and banking services as well as market research and trading. It is heavily involved in the U.S. Treasury securities market, and is comprised of numerous subsidiary companies. On September 15, 2008, the company announced it was filing for bankruptcy after a $3.8 billion loss had been reported on September 10.The New York Times: Lehman Sees $3.9 Billion Loss (September 10, 2008) CNN: Lehman Brothers To File For Chapter 11 Bankruptcy (September 15, 2008)

• Fast Facts

  1. Stock symbol: LEH (NYSE)
  2. Annual revenue (2007): $59 billion
  3. Founders: Henry, Emanuel, and Mayer Lehman
  4. Year established: 1850
  5. Industry: Finance, banking, investment
  6. Phone: 212-526-7000
  7. Fax: 212-526-3738
  8. Headquarters: New York City, New York
  9. Overseas headquarters in London and Tokyo
  10. President/CEO: Richard Fuld
  11. Staff: 28,100

• Key Dates

  1. 1850: Henry, Emanuel, and Mayer Lehman, three German immigrants, found the company under the name Lehman Brothers
  2. 1855: Henry dies of yellow fever, and the company focuses harder on commodities trading and brokerage operations
  3. 1924: John M. Hancock becomes the first partner who is not part of the Lehman family
  4. 1969: Robert Lehman dies, and is the last member of the Lehman family to run the company
  5. 2008: Loses $3.8 billion dollars in assets, files for Chapter 11 bankruptcyCNN: Lehman Brothers To File For Chapter 11 Bankruptcy (September 15, 2008)
  6. Phone number: 1-800-666-2388

• Related Mahalo Pages

  Erin Callan | Morgan Stanley | Goldman Sachs | Investment Banking | Merrill Lynch | JP Morgan Chase | Lehman Bankruptcy | Chapter 11 Bankruptcy | Merrill Lynch Bank of America | Bear Stearns | Fannie And Freddie Bailout | Richard Fuld | Andrew Lahde | ING Group

Categories

Would you like to become this page's manager? Mahalo pages can make up to $50 a month.

 

What is this?

View Top Managers

• View History
• Discuss on the Message Board
• Embed this Page
• Share this page