THE LAST OF THE IMPERIOUS RICH: by PETER CHAPMAN
Price: N3500
Product Code: 1460479453
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Number of Pages: 308
Binding: Paper Back
Publisher: PORTFOLIO
ISSN: 9781591843092
Summary: The full story of the once-great financial giant Lehman Brothers, from its modest start to its disastrous collapse The collapse of Lehman Brothers in September 2008 sent shock waves through the financial industry and left people wondering how one of the largest and most respected firms in the world could fail. Peter Chapman answers this question by examining the history of Lehman from its beginnings as a cotton-brokering general store run by a family of German immigrants in Montgomery, Alabama, to its dramatic exit from the world financial stage. Chapman offers a sweeping narrative as well as a clear perspective on exactly what caused Lehman to fail. It is not only the story of a once- prestigious and well-respected firm but also an intimate portrait of the people who ran it-from Henry Lehman, who founded the firm, to Bobbie Lehman, who led the company into the world of radio, motion pictures, and air travel in the 1920s, to Dick Fuld, who ran the firm during its final days. Chapman shows that despite its inglorious end, Lehman not only helped shape the face of American FINANCE, but also American life.