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Lewis Glucksman | |
|---|---|
| Born | (1925-12-22)December 22, 1925 |
| Died | July 5, 2006(2006-07-05) (aged 80) |
| Nationality | American |
| Alma mater | College of William and Mary New York University |
| Occupation | CEO ofLehman Brothers, Kuhn, Loeb Inc. |
| Spouse | Loretta Brennan Glucksman |
| Children | Mary Salinger Glucksman Jane Salinger Glucksman John Cooney (step-child) Christopher Cooney (step-child) Kate Cooney Picco (step-child) |
Lewis L. Glucksman (December 22, 1925 – July 5, 2006) was a formerLehman Brothers trader and former chief executive officer and chairman ofLehman Brothers, Kuhn, Loeb Inc.
Glucksman was born into a second generationHungarian Jewish family that lived on theUpper West Side ofManhattan,New York City.[1][2] He served as a teenage volunteer with theUS Navy inWorld War II.[1] Glucksman graduated from theCollege 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.
Glucksman had a distinguished career onWall Street. He joined the staff of privately held Lehman Brothers in 1963. After rising from head of sales and trading at Lehman to co-CEO, Glucksman, described then as "gruff and tough" beatPete Peterson, a formerUnited States Secretary of Commerce for control of the then-closely held firm in 1983, a battle documented in the 1986 bookGreed 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 toAmerican Express in 1984. American Express paid $360 million for the firm. Glucksman joinedPrimerica Financial Services after Citigroup Inc. founderSanford Weill acquired the company in 1988. He also served as Commissioner of thePort Authority of New York and New Jersey.
He travelled toIreland frequently in his role as a trustee ofNew 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 philanthropy towards projects of benefit to the promotion of culture in Ireland. These included the transfer of the Coastal and Marine Research Centre fromUCC to waterfront premises atCork 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 atNYU 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.
In 1987, Glucksman married Loretta Brennan[1] anIrish American.[3] She had three children from her first marriage.[3] Glucksman died at his home inCobh in 2006, aged 80. He was survived by his wife and his daughters Mary Salinger Glucksman and Jane Salinger Glucksman; and three stepchildren,[1] John Cooney, Christopher Cooney, and Kate Cooney Picco.[4]
Glucksman, a child of second-generation Hungarian Jews, wasn't involved in the Jewish community in his adopted home in Ireland
