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Internecine strife -- and a bad ending: Stephen Schwarzman (11)
Nikkei Asia
Published 11 Oct 2026, 02:36 pm IST
Lehman Brothers was riven by internal strife. The conflict was not confined to rival divisions. It ran through them as well, driven by power, resentment and personal ambition.
Pete Peterson, seen in 1972 as U.S. commerce secretary, joined Lehman Brothers as CEO before co-founding Blackstone with Schwarzman. © Getty Images
My Personal History
Internecine strife -- and a bad ending: Stephen Schwarzman (11)
How a commercial paper business spiraled out of control and killed Lehman
Originally reported by Nikkei Asia.Source: asia.nikkei.com
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