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Philip Lehman

Lehman Brothers and Company

1901 - 1925

Finance

1900 b. 1861
male
Personal
Born-Died1861 - 1947
BirthplaceNew York (NY)
RaceWhite
FatherHead, Same Company
Era - 1900

Lehman was responsible for forming a profitable alliance with Goldman, Sachs that marked the beginning of a new type of investment house. Together they managed 114 negotiated offerings for 56 issuers. Their premiere interest was on the consumer field, which was more and more important with the American economy increasingly turning toward consumer goods during the 1920s. The rapid rise of Lehman Brothers and Goldman, Sachs was facilitated by the ties they had developed as foreign exchange dealers and commodity brokers.