- Lewis Glucksman
Lewis L. Glucksman (
December 22 ,1925 —July 5 ,2006 ) was a formerLehman Brothers trader and former chief executive officer ofLehman Brothers, Kuhn, Loeb Inc. Life
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 theUS Navy inWorld War II .Education
Glucksman graduated from the
College of William and Mary and later earned a Master's degree in business administration fromNew York University . TheNational University of Ireland granted him an honoraryPh.D. in 2002.Career
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 formerUnited 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 byKen 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. founderSanford Weill acquired the company in 1988.He also served as Commissioner of the
Port Authority of New York and New Jersey .Ireland and philanthropy
He travelled to Ireland frequently in his role as a trustee of
New York University to promote academic relationships between Irish academia and NYU. He established a home inCobh ,County Cork in 1984 with his wife Loretta Brennan Glucksman and lived there from 1999.Glucksman directed much of his philanthrophy towards projects of benefit to the promotion of culture in Ireland. These included the transfer of the Coastal and Marine Research Centre from UCC to waterfront premises at
Cork Harbour ; his patronage of theLewis Glucksman Gallery at UCC and the Glucksman Chair of Literature and the Glucksman Library and Reading Room at theUniversity of Limerick ; his support for the Millennium Wing of theNational Gallery of Ireland ; his 1993 founding of Glucksman Ireland House atNew York University as a centre of Irish culture, language, literature and music; and his participation inThe Ireland Funds .The Glucksman Institute for Research in Securities Markets (formed at
NYU Stern ) is endowed by a grant from Lewis Glucksman, Stern MBA '1951. It offers faculty and student grants to support research on equities, bonds, futures, options, and other financial instruments and on the markets where they are traded.Death
Glucksman died at his home in
Cobh in 2006, aged 80. He is survived by his wife.References
* (2006, July 7). "Lewis Glucksman, 80; Lehman Bros. Trader Rose to Chief Executive". The Los Angeles Times
External links
* [http://www.lehman.com/ Lehman Brothers]
* [http://w4.stern.nyu.edu/glucksman/about.cfm?doc_id=1508 Glucksman Institute for Research in Securities Markets]
* [http://www.irlfunds.org/ The Ireland Funds]
* [http://www.irlfunds.org/ireland/news_7.html The Ireland Funds : Coastal and Marine Research Centre]
* [http://ucc.ie/ University College Cork]
* [http://ul.ie/ University of Limerick]
* [http://www.nationalgallery.ie/ National Gallery of Ireland]
* [http://www.glucksman.org/ The Glucksman Gallery]
* [http://irelandhouse.fas.nyu.edu/page/home Glucksman Ireland House, New York University]
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