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Copyrighted Material Index Abbey National, 139 Bank of America, 165, 191–192, 204, 207, 218 ABN Amro, 207 Barancik, Gary, 193, 195–197 Adams, James F., 26 Barbarians at the Gate (Burrough & Helyar), 15, Adams, Richard, 103 47, 58 Ahearn, Bill, 150 Barclays, 165, 192, 205 –206, 208 –211, Ainslie, Michael, 91 219–222, 232 Akers, John, 91 Bartiromo, Maria, 176 Altman, Roger, 15, 238 Bear Stearns, 12, 165, 173 –174, 190, 200, 201 Alvarez & Marsal, 232, 238 Becker, Holly, 139, 154 American Express. See also Shearson American Berger, Steve, 109 Express Berkenfeld, Steven, 14, 170, 204, 214 credit card business and, 39, 60 Berlind, Roger, 91 Golub and, 64 –70 Bernanke, Ben S., 2, 190, 200, 201 merger and, 2, 38, 40, 43, 57, 58 Bernstein, Brian J., 142 Robinson and, 38 – 40, 50, 60, 64 Beyman, Jonathan, 145 American International Group (AIG), 113, Bhattal, Jasjit “Jesse” 212–213, 223, 225 background of, 121–122 Antoncic, Madeleine,COPYRIGHTED 159, 171 following MATERIAL Lehman collapse, 238 Archstone-Smith, 165, 167, 170 Lehman Asia and, 151, 167 AT&T, 139 Binkley, Tracey, 183 Auletta, Ken, 1, 2, 14, 15, 37 Bioterrorism, 146 Ayres, Charlie, 153 Black, Fischer, 112 Black, Leon, 74 Bailey, Kathleen. See Fuld, Kathleen “Kathy” Black, Steve, 201 Bain and Hellman, 188, 214 Black-Scholes option pricing model, 112–113 Bain Capital, 202, 213 Blackstone Group, 12, 39, 43, 165, 188 Banchetti, Riccardo, 187 Blankfein, Lloyd, 178, 207, 226 263 bbindex.inddindex.indd 226363 22/22/10/22/10 11:44:58:44:58 PPMM 264 index Boshart, James S. “Jim,” III LCPI and, 49, 51 background of, 21–22, 44 Lehman veterens and, 48 – 49 on Glucksman, 236 resignation of, 61 Pettit and, 28 RJR Nabisco and, 58, 59, 61 Shearson transaction and, 39, 40 Collateralized debt obligations (CDOs), Bothwick, Fleur, 153 165, 177 Bouton, Peter, 27 Commercial real estate Buffett, Warren, 113, 208, 209, 212 SpinCo attempt and, 187–189, 202 Bullock, David, 83 Walsh and, 110 –111, 138 –139, 153, Burke, Marianne, 52, 141–143 165 –166, 187 Burns, Hannah, 150 Commission sharing agreements (CFAs), 185 Burrough, Bryan, 15, 47, 58 Corbett, Leo, 90 Burton, Mark, 238 Corzine, Jon, 23, 113, 138 Bush, Jeb, 159 Cox, Christopher, 213, 214 Byrne, John “Jack,” 64 Craig, Susanne, 158, 179 Credit default swaps, 203, 222–223 Callan, Erin Credit Sites, 236 Archstone-Smith and, 170 Credit Suisse First Boston, 210, 231 background of, 162–164 Crossroads, 213 as CFO, 13, 171–173, 175 –179 Cruikshank, Thomas, 91 following Lehman collapse, 231 Culver, David, 49 resignation of, 184 –185 Curran, John, 163 Carbone, Jim, 79 Cutler, Steve, 214 Carlson, Steven, 45, 53, 54, 172 Mexican bond exposure and, 78, 79, 235 D’Angelin, Benoit, 180 –181 Tucker and, 94, 100 Dannhauser, Stephen, 204 Cayne, Jimmy, 173 Darling, Alastair, 208, 222 Cecil, John, 2, 3, 14, 49, 57 Dean Witter Reynolds, 42 on balance sheets, 187 Delaware Savings Bank, 139 as CAO, 70 –73, 118, 119, 124 Deutsche Bank, 210 as CFO, 117–119, 124, 125 Diamond, Robert “Bob,” Jr., 192, 205 –209, earnings of, 107–108 211, 217, 219–222 following Lehman collapse, 238 Dillman, Martha, 82– 86, 94, 97–101, 236 Gregory and, 118 –119 Dimon, James L. “Jamie,” 44, 65 – 66, 174, 200, investment in Russia and, 112 201, 204 Lessing and, 151 Diversity initiatives, 148 –149, 153 –154, management style of, 75 –76 157, 162 Pettit and, 89 Donini, Jerry, 187, 220 reorganization and, 62, 63, 67, 69 Dorfman, Dick, 53, 54 Walsh and, 138, 153 Dorn, Nancy. See Walker, Nancy Dorn Citadel Investment Group, 163 Draper, Will, 139 Citicorp, 111 Druskin, Robert, 59 Citigroup, 165, 210 Dufour, Isabelle, 180 Clark, Howard L. “H,” Jr., 61, 62 CleanCo, 188, 194 –196 Eagle Energy, 167 Cohen, H. Rodgin “Rog,” 189, 210 Eagle Knolls, 238 Cohen, Kerrie, 179 E.F. Hutton & Company, 59– 61 Cohen, Paul, 2, 29, 44 Einhorn, David, 114, 115, 177 September 11 and, 141 Electricité de France SA (EDF), 167 Cohen, Peter A., 38, 39, 45, 172, 203, 229 Elieff, Boris, 165 Callan and, 163 Emergency Economic Stabilization Act, 224 E. F. Hutton and, 59– 61 Enners, Ray, 25 bbindex.inddindex.indd 226464 22/22/10/22/10 11:44:59:44:59 PPMM Index 265 Enron, 148, 232, 233 interest in domestic issues and, 127–128 Erni, Anne, 153 Korea Development Bank and, 193 –197 Evercore Partners, 237, 238 LTCM and, 113, 114 management shakeups by, 147–148, Fannie Mae, 197, 199 152–153 Fargiano, James, 101, 238 –239 McDade and, 185 –186 Federal Deposit Insurance Corporation Odrich and, 69, 90, 135 –136 (FDIC), 189 on offensive, 116 –117 Federal Reserve, 174, 200 –201 Paulson and, 175 –176, 190 Felder, Eric, 220 Perella and, 160 Fidelity Investments, 139 personal grooming and, 131 Financial Services Authority (FSA), 205 –206, Pettit and, 36, 76 –77, 82, 90, 92–93, 102 210, 219–220 political leanings of, 130 Fiver Children’s Foundation, 103 press relations and, 150 –151 Flowers, Christopher, 204 reorganization and, 62– 67 Ford, Gerald, 69 Resolution Trust Corporation stock and, Fortress Financial Group, 238 53 –54 Fortress Investment Group, 163 September 11 and, 143 –145 Freddie Mac, 197, 199 under Shearson and American Express, Freidheim, Cyrus, 13, 136 57–58 Freidheim, Scott, 13, 127 Shearson transaction and, 39– 40, 44, 45 alumni dinner of 2007 and, 172 SpinCo attempt and, 189, 201–202 background of, 136 stock ownership and, 70 –71 Callan and, 179 succession plan and, 147–148 as CAO, 161 testifying before Congress, 224 following Lehman collapse, 237 as trader, 21 as Fuld’s chief of staff, 136 –138, 150 Walsh and, 110 –111 Gregory and, 183 Fuld, Richie, 178 on recession, 169 Furlaud, Richard, 49 September 11 and, 142–145 SpinCo attempt and, 189 Gallatin, Ronald A., 25, 47, 67, 71 Freiman, Herb, 41 E. F. Hutton and, 59 Fuld, Kathleen “Kathy,” 13, 31, 128, 169–170, Hill and, 66 229–230 negotiation skills of, 55 Fuld, Richard S. “Dick” Pettit and, 81– 82 alumni dinner of 2007 and, 172 reorganization and, 67– 68 background of, 4, 14, 17–21, 31 Shearson transaction and, 39 bankruptcy fi ling and, 214, 215, 217, 230 Geithner, Timothy, 189, 207, 210, 213 Barclays and, 206 Gelband, Mike, 157, 159, 160, 175 Cecil and, 107–108 at Fortress, 220 as CEO, 2–5, 13, 16, 62, 152, 159 as head of fi xed income, 166 –168 as COO, 56 rehire of, 186 –187 cost cutting efforts and, 73 –74 General Electric Capital, 146 emerging markets and, 124 General Motors building, 110 fi xed income division and, 52, 55, 56, 152 Genirs, Robert “Bob,” 23, 38, 41, 44, 94 –96, following Lehman collapse, 229, 230, 100, 119 233 –234 Giddens, James, 232 Freidheim and, 136 –138 Gilchrist, Bill, 97 frontline committee and, 108, 109 Giordano, Robert, 23 Glucksman and, 77–78 Given Imaging Ltd., 146 Gregory and, 120 –121, 154, 155, 159, Glass-Steagall Act of 1933, 111 180, 184 Gleacher, Eric, 15 bbindex.inddindex.indd 226565 22/22/10/22/10 11:44:59:44:59 PPMM 266 index Glucksman, Lewis “Lew” September 11 and, 141–144, 146 background of, 4, 6 –7, 19–21 Shearson Lehman and, 51–53 Boshart and, 21–22 shortcomings of, 149–150 as co-CEO, 37–38 Tucker and, 103 death of, 236 Gregory, Niki Golod, 13, 129, 134 Fund and, 77–78 Gregory, Teresa, 129 Peterson and, 14 Griffi n, Ken, 163 Petit and, 22 Shearson transaction and, 38, 42– 43 Hament, Nancy, 103 Goldfarb, David, 12, 13, 125 Hellman & Friedman, 202, 213, 214 as CAO, 158 –159 Helyar, John, 15, 47, 58 as CFO, 147, 149–150 High Risk Opportunities Fund (HRO), 112 following Lehman collapse, 237 Hilibrand, Larry, 113 as head of strategic partnerships and principal Hill, J. Tomlinson “Tom,” 15, 43, 57, 233 investments, 167, 166 characteristics of, 55 –56 September 11 and, 143 Fuld and, 135 Goldman Sachs, 5, 8, 76, 109, 111, 113, 119, Shearson Lehman reorganization and, 120, 138, 140, 147, 189, 209, 224 –226 62– 66 Golub, Harvey, 64 –70 Honeywell International, 139 Gordon, Shel, 39 Housing crash, 166 Government Accountability Offi ce (GAO), 112 Hybrid securities, 163 Gowers, Andrew, 150, 161, 162, 179–180 Grange Securities, 167 III (Triple I) Offshore Advisors, 112 Great War of 1983-1984, 14 IMD (investment management division), Greed and Glory on Wall Street: The Fall of the 202, 203 House of Lehman (Auletta), 2, 14, 37 Ireland, Doug, 152 Greenberg, Maurice “Hank,” 113 Isaacs, Jeremy Gregory, Joseph M. “Joe” ambition of, 161, 168 background of, 14, 17–18, 22 background of, 122–123 Callan and, 171, 172, 175 following Lehman collapse, 238 Cecil and, 118 –119 Lehman Europe and, 151 civil suit against Lehman estate, 233, 234 McDade and, 186 diversity initiative of, 148 –149, 153 –154, ITT Corporation, 111 157, 162 emerging markets and, 124 J. C. Flowers & Company, 204 equities department and, 108 –109 Jack, Bradley, 2, 109, 119 family life of, 129 background of, 119–120 following Lehman collapse, 226, 230 –231 as COO, 148 Freidheim and, 136 demotion of, 154 Fuld and, 120 –121, 154, 155, 159, 180, 184 Jack, Karin, 120, 127–130, 132–134, 154 Gelband and, 167–168 Jamie deal, 200 –201 Glucksman and, 43 Janulis, Ted, 14, 164 Kirk and, 168, 169 Jester, Dan, 211 Lehman history and, 2, 3, 48, 82 John, Elton, 147 management style of, 121 Johnson, F. Ross, 58, 59 McGee and, 157–158, 160, 180, 181 Jorn, Todd, 113–115 Mexican bond exposure and, 78 –79 JPMorgan Chase, 12, 174, 200, 201, 203, 210, ouster of, 183 –186 214, 219, 221 personal spending budget of, 154 JRJ Ventures, 238 Pettit and, 5, 23, 86 – 87, 90, 95 as president, 155 Kahn, Herman, 19 recruitment efforts of, 72 Kaplan, Allan, 21 bbindex.inddindex.indd 226666 22/22/10/22/10 11:45:00:45:00 PPMM Index 267 Kaufman, Henry, 91 potential buyers of, 191–198 Kennedy, John F., 29–30 price-to-earnings (P/E) ratio and, 111, 152 Kirk, Alex, 160, 166, 168 –169, 217 real estate and mortgage crisis and, 174 –175 following Lehman collapse, 237 September 11 and, 141–147 rehire of, 186 –187 stock buyback and, 70 –71 Kittredge, Fran, 129–130, 142 Lehman Brothers Kuhn Loeb (LBKL), 29, 38 Klein, Michael, 209 Lehman Commercial Paper, Inc.
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