Harvard Business School studies/celebrates Ig Nobel Prize winner Lehman Brothers

Harvard Business School has a special exhibition exploring the history of Ig Nobel Prize winner Lehman Brothers. Max Reyes reports, in the Boston Globe:

Harvard exhibit details the rise and demise of Lehman Brothers

Before it was a titan in the investment banking field, before it engaged in a form of financial sleight of hand that doomed the housing market, before it initiated the largest bankruptcy filing in US history — and threatened to bring the global economy down with it — Lehman Brothers was a general store.

The fabled firm’s history, from its humble beginnings as a family-run business in Alabama during the mid-19th century to its spectacular collapse on Wall Street in 2008, is on display in an exhibit now showing at Harvard Business School’s Baker Library | Bloomberg Center.

The 2010 Ig Nobel Prize for economics was awarded to the executives and directors of Goldman Sachs, AIG, Lehman Brothers, Bear Stearns, Merrill Lynch, and Magnetar for creating and promoting new ways to invest money — ways that maximize financial gain and minimize financial risk for the world economy, or for a portion thereof.

 

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