Life was good for the traders and bankers who worked for newly merged Shearson Lehman Brothers Holdings in 1985, a year after the brokerage Shearson/American Express bought the Wall Street firm Lehman Brothers Kuhn Loeb for $360 million. The Dow was in the third year of an unprecedented rally that would carry it above 2500. That same year, the company celebrated a massive relocation to Manhattan's World Financial Center, assuming a quarter of the space in a tower described then as "a building for the 21st century."
展开▼
