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{{Short description|American investment banker}}
{{Short description|American investment banker}}
{{for multi|the member of the North Carolina House of Representatives|Philip A. Lehman|the graffiti artist and music producer|Phillip Lehman}}
{{for multi|the member of the North Carolina House of Representatives|Philip A. Lehman|the graffiti artist and music producer|Phillip Lehman}}
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== Biography ==
== Biography ==
Philip Lehman was born in New York City to [[Emanuel Lehman]] (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct [[investment bank]], [[Lehman Brothers]]. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.<ref>{{cite news|title=Philip Lehman, 85, Noted Banker, Dies - Lehman Bros. Senior Partner, Cousin of Ex-Governor - Was an Art Collector|url=http://timesmachine.nytimes.com/timesmachine/1929/07/11/95977385.html?pageNumber=15|accessdate=April 17, 2016|work=[[New York Times]]|date=March 22, 1947|page=13}}</ref> Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital. His family is of [[Jewish]] background.
Philip Lehman was born in New York City to [[Emanuel Lehman]] (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct [[investment bank]], [[Lehman Brothers]]. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.<ref>{{cite news|title=Philip Lehman, 85, Noted Banker, Dies Lehman Bros. Senior Partner, Cousin of Ex-Governor Was an Art Collector|url=http://timesmachine.nytimes.com/timesmachine/1929/07/11/95977385.html?pageNumber=15|accessdate=April 17, 2016|work=[[New York Times]]|date=March 22, 1947|page=13}}</ref> Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital. His family is of [[Jewish]] background.


Philip married Carrie Lauer (1865–1937) on January 3, 1884.<ref>[http://research.frick.org/directoryweb/browserecord.php?-action=browse&-recid=6752 The Frick Collection website: "Lehman, Philip, 1861-1947"] retrieved April 2, 2012.</ref> They had two children, Pauline (born 1887) and [[Robert Lehman]] (1891–1969).<ref>[http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 Harvard University Archives: "Robert Lehman records, 1894-1994"] {{Webarchive|url=https://web.archive.org/web/20180703121922/http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 |date=2018-07-03 }} retrieved April 2, 2012.</ref> The family resided in a 5-story limestone mansion designed in 1899 by [[John H. Duncan]] on [[7 West 54th Street]], now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.<ref>{{cite web |url=http://www.7west54.com/ |title=Philip Lehman Mansion, 7 West 54th Street |accessdate=June 19, 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20131107195537/http://www.7west54.com/ |archivedate=November 7, 2013 }}</ref>
Philip married Carrie Lauer (1865–1937) on January 3, 1884.<ref>[http://research.frick.org/directoryweb/browserecord.php?-action=browse&-recid=6752 The Frick Collection website: "Lehman, Philip, 1861–1947"] retrieved April 2, 2012.</ref> They had two children, Pauline (born 1887) and [[Robert Lehman]] (1891–1969).<ref>[http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 Harvard University Archives: "Robert Lehman records, 1894–1994"] {{Webarchive|url=https://web.archive.org/web/20180703121922/http://oasis.lib.harvard.edu/oasis/deliver/~bak00042 |date=July 3, 2018 }} retrieved April 2, 2012.</ref> The family resided in a 5-story limestone mansion designed in 1899 by [[John H. Duncan]] on [[7 West 54th Street]], now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.<ref>{{cite web |url=http://www.7west54.com/ |title=Philip Lehman Mansion, 7 West 54th Street |accessdate=June 19, 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20131107195537/http://www.7west54.com/ |archivedate=November 7, 2013 }}</ref>


Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the [[Metropolitan Museum of Art]].
Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the [[Metropolitan Museum of Art]].

Revision as of 07:27, 9 January 2023

Philip Lehman
Born(1861-11-09)November 9, 1861
DiedMarch 21, 1947(1947-03-21) (aged 85)
NationalityAmerican
OccupationInvestment banker
Known forArt Collector
Spouse
Carrie Lauer
(m. 1884; died 1937)
ChildrenRobert Lehman (1891–1969)
Parent(s)Emanuel Lehman
Pauline Sondheim
RelativesLehman family

Philip Lehman (November 9, 1861 – March 21, 1947) was an American investment banker.

Biography

Philip Lehman was born in New York City to Emanuel Lehman (1827–1907) and Pauline Sondheim (1843–1871). Emanuel was a co-founder of the now-defunct investment bank, Lehman Brothers. Philip became a partner in the family-owned firm in 1887 and was the firm's managing partner from 1901 to 1925. He was also the first chairman of the board of the Lehman Corporation.[1] Lehman was notable as one of the first financiers to recognize the potential of issuing stock as a way for new companies to raise capital. His family is of Jewish background.

Philip married Carrie Lauer (1865–1937) on January 3, 1884.[2] They had two children, Pauline (born 1887) and Robert Lehman (1891–1969).[3] The family resided in a 5-story limestone mansion designed in 1899 by John H. Duncan on 7 West 54th Street, now known as the "Philip Lehman Mansion" and designated as a New York landmark in 1981.[4]

Lehman began collecting major artworks in 1911, the bulk of which he willed to his son Robert. His collection today forms part of the exhibition in the Robert Lehman Wing at the Metropolitan Museum of Art.

References

  1. ^ "Philip Lehman, 85, Noted Banker, Dies – Lehman Bros. Senior Partner, Cousin of Ex-Governor – Was an Art Collector". New York Times. March 22, 1947. p. 13. Retrieved April 17, 2016.
  2. ^ The Frick Collection website: "Lehman, Philip, 1861–1947" retrieved April 2, 2012.
  3. ^ Harvard University Archives: "Robert Lehman records, 1894–1994" Archived July 3, 2018, at the Wayback Machine retrieved April 2, 2012.
  4. ^ "Philip Lehman Mansion, 7 West 54th Street". Archived from the original on November 7, 2013. Retrieved June 19, 2013.