Biographies

Lewis Glucksman

Name:
Lewis Glucksman

Born:

Joined AGB:
1958

Primary Dept/Div:
Credit Securities

Primary Office:
New York

Lew Glucksman grew up in New York of immigrant parents. He went to DeWitt Clinton High School, attending Indiana University for one year and transferred to and graduated from the College of William and Mary. He served on a submarine chaser at the end of WWI. He had some low level Wall Street jobs while attending NYU business school at night, obtaining an MBA in 1951. IN 1952, he joined Becker as a securities analyst, then went over to L.F. Rothschild as an arbitrager. John Friedlich recruited him back to Becker in 1958 to run the NY commercial paper department. Together they were successful and recruited by Robert Lehman to come over to Lehman Brothers and bring the Becker commercial paper business with them. The rest of this story is in the Chronicle. Glucksman went on to become the CEO of Lehman, and oversaw the sale of Lehman to Shearson, a unit of American Express. Glucksman went on to work for various firms until his death in July, 2006.

Obituary:
New York Times, July 8, 2006. Lewis Glucksman, Veteran of a Wall St. Battle, Dies at 80. Lewis L. Glucksman, whose fierce battle for control of Lehman Brothers Kuhn Loeb in 1983 was a curtain-raiser for the titanic stuggles of ego and will that swept Wall Street over the next decade, died Wednesday at his home near Cobb, County Cork, Ireland. He was 80. The cause was bronchial pneumonia, said his wife, Lorretta Brennan Glucksman. He and his wife also have a home in Manhattan. Mr. Glucksman, a gifted trader, became a partner at Lehman Brothers in 1966. By 1983, he was chief executive of the fabled partnership which traced its beginning to 1844. . . Lehman was sold to American Express in 1984. Mr.Glucksman left and joined Smith Barney, now part of Citigroup. He retired in 1999 but continued to be active in the market until a few years before his death. He is survived by his wife, two daughters, three stepchildren, and six grandchildren.