Philip Lehman
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.