Lewis Glucksman
| Lewis Glucksman | |
|---|---|
| Born | December 22, 1925 Manhattan |
| Died | July 5, 2006 (aged 80) Cobh, County Cork |
| Residence | Cobh, County Cork |
| Nationality | American |
| Alma mater |
College of William and Mary New York University |
| Occupation | CEO of Lehman Brothers, Kuhn, Loeb Inc. |
| Spouse(s) | Loretta Brennan Glucksman |
| Children | Mary Salinger Glucksman Jane Salinger Glucksman John Cooney (step-child) Christopher Cooney (step-child) Kate Cooney Picco (step-child) |
Lewis L. Glucksman (December 22, 1925 — July 5, 2006) was a former Lehman Brothers trader and former chief executive officer and chairman of Lehman Brothers, Kuhn, Loeb Inc.
Glucksman was born into a second generation Hungarian Jewish family that lived on the upper west side of Manhattan New York City. He served as a teenage volunteer with the US Navy in World War II. Glucksman graduated from the College of William and Mary and later earned a Master's degree in business administration from New York University. The National University of Ireland granted him an honorary Ph.D. in 2002.
Glucksman had a distinguished career on Wall Street. He joined the staff of privately held Lehman Brothers in 1963, a firm with a 130-year history. After rising from head of sales and trading at Lehman to co-CEO, Glucksman, described then as "gruff and tough" beat Pete Peterson, a former United States Secretary of Commerce for control of the then-closely held firm in 1983, a battle documented in the 1986 book Greed and Glory on Wall Street by Ken Auletta.
Shortly after Glucksman took control, however, the firm experienced a sharp drop in profits. That resulted in a forced sale by Lehman's partners to American Express in 1984. American Express paid $380 million for the firm. Glucksman joined Primerica Financial Services after Citigroup Inc. founder Sanford Weill acquired the company in 1988. He also served as Commissioner of the Port Authority of New York and New Jersey.
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