Lehman Brothers Incorporation was the fourth largest investment bank in the United States before it went out of business. And it's very famous and even Hollywood, they put their company name on their movies like "Despicable Me" which is one of the most famous animated movies and made about father-daughters. In that film, under the name Bank of Evil, they put the former Lehman Brothers. Not just this movie, but other movies like Margin Call, Too Big to Fail, and Horrible Bosses. The British also made the movie called "The Last Day of Lehman Brothers".1.1 HistoryThe Lehman Brothers Company was founded in 1844, a 23 year old young man named Henry Lehman immigrated to the United States of America from Rimper, Bavaria and settled in Montgomery, Alabama. He later opened a fabric shop called H.Lehman. In 1847, his brother Emanuel Lehman came to him and the firm became H. Lehman and Bro. In 1850, their names were changed again because their younger brother, who was called Mayer Lehman, arrived and they became Lehman Brothers. During the 1850s, in the United States, cotton was one of the most important bodies, so they traded cotton and it became their second business. Their business subsequently grew. In 1855 Henry died of yellow fever and the remaining two brothers continued their business. In 1858 they moved into the cotton trade from the South to New York City. And the Lehmans opened their branch in Manhattan and Emanuel Lehman moved in and ran the office. In 1870, Lehman Brothers helped found the New York Cotton Exchange. In 1883, the Lehman Brothers became members of the Coffee Exchange and in 1887 they became members of the New York Sto...... middle of paper...... and they try to make the money grow more and more, finally the money gives you they will eat. I think the Lehman Brothers case is exactly like that. Because the power of money is so great and people are not good enough to handle it. So the money keeps growing inside and when the good people came it was too late to control it. Actually no one in that company was cheating and they just can't control it.5.1 ConclusionIn conclusion, the startup of the company was also good and reliable because it can only join family members but as the business grew more and more, family members alone was not enough for either male power or the workforce. Then non-family members joined the company and the company transformed into Private Limited Company from partnership firm. And because the business is too big, people can't control it for five years and then it collapses.
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