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By 1977, Shearson's holdings were consolidated, resulting in the seventh largest investment banking firm in the country. Its revenues had more than tripled since 1972, to $134 million in 1977, and employees now numbered more than 4,000. Shearson's growth and success contrasted with the general environment on Wall Street in the mid-1970s.
Shearson, Hammill & Co. Shearson, Hammill & Co. was a Wall Street brokerage and investment banking firm founded in 1902 by Edward Shearson and Caleb Wild Hammill. The firm originally built its business as a stock broker as well as a broker of various commodities, particularly grain and cotton. The firm was a member of the New York Stock ...
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The brainchild of a restless, brilliant investment banker named Salim B. Lewis -- himself a fascinating figure -- the AmEx-Shearson deal injected a dose of pizzazz into the cloistered world of ...
Mar 1, 1990 · By mid-1981, Mr. Weill had engineered a stream of acquisitions of brokerages houses, putting his firm, then known as Shearson Loeb Rhoades, into the position of a player on Wall Street.
Jan 31, 1990 · January 1988: E.F. Hutton & Coimpany, an 83-year-old brokerage house, is bought by Shearson Lehman Brothers for almost $1 billion, creating the second-largest Wall Street firm. December 1989 ...
Feb 24, 1985 · Fuld became superviser of both fixed income and equities divisions - all trading at Lehman. This made partners uneasy. Fuld was a stranger to them, a man who, for all his capability as a trader ...
History. Shearson Lehman Hutton was the result of the combination of several Wall Street firms over a 25-year period beginning in the early 1960s that included Lehman Brothers, Kuhn Loeb, E.F. Hutton, Hayden Stone & Co., Shearson, Hammill & Co., Loeb, Rhoades & Co., Hornblower & Company, and Cogan, Berlind, Weill & Levitt, which ultimately came together under the ownership of American Express.
