We all know the meaning of that word. Today is the one year anniversary of the largest bankruptcies in the United States. Lehman Bothers was founded in 1850 and collapsed in 2008.
Behind every success or failure there are the CEO’s and board of directors. One name you might recognize from the board for Lehman Brothers would be Stephen M. Wolf. Wolf was the Chairman of Lehman Brothers Private Equity Advisory Board.
December 1987 Mr. Wolf was named the head of Allegis Corp., at the time the parent company of United Airlines. Prior to his coming to United Airline he and Frank Lorenzo took Continental into bankruptcy in 1983. Here are a few other companies that Mr. Wolf was a member of the board.
Republic Airlines
Flying Tigers
Pan American World Airway
United Airlines
US Airways
How many of these companies were taken into bankruptcy or ceased to operate?
Jock
