Lehman Brothers Holdings Inc. · New York, NY United States
Company Description
More Companies in: New York, New York
More Companies in These Related Industries: Securities Brokers, Investment Management
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This link will open in a new window In what could be called the collapse heard 'round the world, venerable investment bank Lehman Brothers declared bankruptcy in September 2008, ending a reign of some 160 years in financial services. One of the top bulge-bracket firms and perennially among the industry leaders in M&A advice, debt and equity underwriting, and global finance suffered a knockout punch and reported nearly $7 billion in losses after becoming embroiled in the global credit crisis of 2007 and 2008. After acquisition talks with foreign investors fell through, Lehman attempted to restructure itself, including selling off operations for cash. The plan was too little too late, though, and Lehman filed for Chapter 11 bankruptcy protection. To read the full description, subscribe now.
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Key Lehman Brothers Holdings Inc. Financials
| Company Type | Public Headquarters |
| Fiscal Year-End | November |
Lehman Brothers Holdings Inc. Executives
75 executives listed for Lehman Brothers Holdings Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| CEO | Bryan Marsal | |
| SVP and Assistant Chief Restructuring Officer | John Suckow | |
| CFO | William Fox |
Competition
Competitive Landscape for Lehman Brothers Holdings Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Lehman Brothers Holdings Inc. Competitors
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