Lehman Brothers Holdings, Inc.

Company: Lehman Brothers Holdings, Inc.

Founders: Henry Lehman, Emmanuel Lehman, Mayer Lehman

Industry: Investment and Financial Services; Investment Banking and Management

History:

Lehman Brothers Holdings is a global financial services company. It offers a wide range of products and services in investment banking, trading & research, equity and fixed income sales, private equity, private investment management, and asset management. The New York City-based firm has regional offices in Tokyo and London, and its principal subsidiaries include Lehman Brothers Bank, FSB, Lehman Brothers Inc., Aurora Loan Services, Inc., Crossroads Group, Neuberger Berman Inc., and SIB Mortgage Corporation.

In 1844, when Henry Lehman migrated from Germany to the U.S., he established a dry goods store in Montgomery, Alabama. The store was then named Lehman Brothers in 1850, upon the arrival of his brothers Emanuel and Mayer Lehman in America. They also accepted raw cotton from customers as payment for commodities and this eventually became their second business.

In 1870, they moved their headquarters in New York City and helped establish the New York Cotton Exchange. There, they also ventured into financial advising.

In 1887, they became a member of the New York Stock Exchange.

By early 1900s, the firm became the founding financier of retailers including R.H. Macy & Company, Sears, Roebuck & Company, and May Department Stores Company.

In 1975, the firm purchased Abraham & Co. and in 1977, merged with Kuhn, Loeb & Co. to establish Lehman Brothers, Kuhn Loeb Inc. Other acquisitions included Cowen & Co., The Crossroads Group, Lincoln Capital Management, and Neuberger Berman.

Today, Lehman Brothers has become the country’s largest underwriter of mortgage-backed bonds and the fourth largest securities firm. The firm is ranked 37 in the 2008 Fortune 500 List of Largest Corporations in America; in 2007, it made $59 billion in revenue. Its operations are divided into three sectors, namely: Investment Management, Capital Markets, and Investment Banking.

Leadership:

Senior Management

· Richard S. Fuld, Jr., Chairman and Chief Executive Officer

· Jasjit S. Bhattal, Chief Executive Officer, Asia

· Erin Callan, Chief Financial Officer

· Scott J. Freidheim, Co-Chief Administrative Officer

· David Goldfarb, Global Head of Strategic Partnerships, Principal Investing and Risk

· Joseph M. Gregory, President and Chief Operating Officer

· Jeremy M. Isaacs, Chief Executive Officer, Europe & Asia

· Benoit Savoret, Chief Operating Officer, Europe & Asia

· Theodore P. Janulis, Global Head of Mortgage Capital

· Stephen M. Lessing, Head of Client Relationship Management