The Last of the Imperious Rich: Lehman Brothers, 1844-2008
Author(s): Peter Chapman
In 1844 Henry Lehman arrived in the United States from Germany and, with his brother Emanuel, established a modest cotton brokering firm that would come to be called Lehman Brothers. In 2008 Dick Fuld, the last CEO of Lehman Brothers, filed for corporate bankruptcy amid one of the worst financial crises in American history. After 164 years one of the largest and most respected investment banks in the world was gone, leaving everyone wondering, 'How could this have happened?' Peter Chapman answers this question by examining the history of Lehman from its humble beginnings to its dramatic exit. He offers a sweeping narrative as well as a clear perspective on exactly what caused Lehman to fail. He also paints an intimate portrait of the people who ran it, including Bobbie Lehman, who in the 1920s led the company into the world of radio, motion pictures, and air travel. Chapman shows that, despite its inglorious end, Lehman not only helped shape the face of American finance, but also American life.
General Information
- :
- : Penguin Putnam Inc
- : Portfolio
- : 0.295
- : 31 August 2012
- : United States
- : 31 May 2012
- : books
Other Specifications
- : Peter Chapman
- : Paperback
- : 1
- : 332.660973
- : 320
More About The Product
..".the historical parallels that the author provides are often thought- provoking and illuminating." -"The New York Times" ..".a remarkable story of what Lehman once was and a somber story about what it became." -FrumForum "Chapman, financial reporter and editor, weaves a fascinating story framed in the history of the times during which Lehman Brothers helped shape financial markets." -"Booklist" "The Last of the Imperious Rich" is an excellent, fast-paced account of the rise and fall of Lehman Brothers. Peter Chapman captures the firm's high and low moments with admirable clarity, especially the hubris that led to its ultimate demise. A valuable addition to Wall Street history." -Charles Geisst, author of "Collateral Damaged" and "Wall Street: A History" "The Last of the Imperious Rich" is a gripping financial history.
Peter Chapman has worked for the Financial Times since 1995 and is a former foreign correspondent for the BBC and the Guardian. He holds a master's degree n economics from the London School of Economics. He lives in London.
