Philip Lehman
Encyclopedia
Philip Lehman was a Jewish-American
investment banker. Born in New York City to Emanuel and Pauline (née Sondheim), his father, was a co-founder of investment bank, Lehman Brothers
. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation. Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.
Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert
. His collection today forms part of the exhibition in the Robert Lehman Wing at the Metropolitan Museum of Art
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
investment banker. Born in New York City to Emanuel and Pauline (née Sondheim), his father, was a co-founder of investment bank, Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation. Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital.
Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert
Robert Lehman
Robert Lehman was an American banker, head of Lehman Brothers for decades and a notable race-horse owner, and important art-collector and philanthropist.-Biography:...
. His collection today forms part of the exhibition in the Robert Lehman Wing at the Metropolitan Museum of Art
Metropolitan Museum of Art
The Metropolitan Museum of Art is a renowned art museum in New York City. Its permanent collection contains more than two million works, divided into nineteen curatorial departments. The main building, located on the eastern edge of Central Park along Manhattan's Museum Mile, is one of the...
.