Word: loeb
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Dates: during 1980-1989
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...brokers and financiers have long been accustomed to power struggles in the executive suite. But they have seldom seen the head of a major firm voluntarily and abruptly surrender his top spot because an ambitious colleague wanted it. That was precisely what Peter Peterson, chairman of Lehman Bros. Kuhn Loeb, did last week...
Lehman Bros, had lost $18 million and was near bankruptcy when Peterson joined it as vice chairman in 1973. He quickly moved up to chairman and embarked on cost cutting and rapid expansion. In 1977 the company merged with Kuhn, Loeb & Co., a 1,200-employee investment-banking house with $12 million in capital. Lehman Bros, now ranks as Wall Street's sixth largest firm and has more than 3,000 employees. The company earned about $140 million before taxes in fiscal 1982, and has already topped that this year...
...Summer Theater--Loeb Drama enter 64 Brattle St. Cambridge. 547-300. All performances begin...
...Those admonitions, plus increased federal and state taxes, the recession and America's rising health-consciousness, have taken their toll. Consumption was down half a percent last year, dropping from 627 billion cigarettes in 1981 to 624 billion last year. John Maxwell of Lehman Brothers Kuhn Loeb, Wall Street's leading tobacco-industry analyst, believes that cigarette sales dipped an additional 3% to 6% during this year's first quarter...
...movies at the Brattle Theater on Brattle St. on the way to the Loeb Theatre often overstay their welcome. "Diva," for example, stayed for more than three months but the films shown are definitely top-shelf foreign delights...