Word: lehman
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Dates: during 1990-1999
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...this effort Johnson and six cronies combined forces with James Robinson III, the well-liked but not especially effective CEO of American Express, and Peter Cohen, the not-so-well-liked and not-at-all-effective chairman and CEO of Amex's subsidiary, Shearson Lehman Hutton. The triumvirate offered stockholders a bid of $75 a share, which added up to billions less than RJR was worth, making it quite a steal. Worse, the deal left Johnson in control and allowed him a package under which he and his pals could haul in as much as $2.5 billion. Yes, billion...
...EVER since Sanford Weill sold Shearson Loeb Rhoades, the brokerage firm that he created, to American Express in 1981, he has longed to regain control of the company. After several failed attempts, Weill finally hit pay dirt when Primerica Corp., where he serves as chairman, acquired financially ailing Shearson Lehman Bros. in a $1.2 billion deal that ranks as the largest in the history of the securities business...
...Dudley House, located in Lehman Hall, is in fact one of Harvard's 13 upperclass houses--and one that boasts a different student population and atmoshphere than its counterparts...
John D. Phillips '94, who took 12 years off and formerly lived in Dunster House, lauded the "intimate computer room" as an alternative to the Science Center. All Dudley residents also have access to its library facilities in Lehman Hall...
...ordinary Wednesday night in the Lehman Hall dining room, and students in the early-evening ballroom dance class--to be followed by a swing class--are dancing tentative steps on the crowded black and white tile floor...