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Lehman Brothers turns out to be a gold-plated investment

and another thing…

Do you know any senior managers at Lehman Brothers who have been with the bank for 10 years or more? If you do, here's some advice. Be nice to them because they are likely to be very, very rich.

My interest in Lehman started in the mid-1980s with the publication of Ken Auletta's superb book, Greed and Glory on Wall Street. In the case of Lehman, there was more greed than glory and a civil war broke out between the investment brokers under "Pete" Petersen, and the traders led by the highly abrasive Lew Glucksman. The traders won but Lehman itself was the loser.

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