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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.
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.


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"] retrieved April 2, 2012.</ref> The family resided in a 5-story limestone mansion designed in 1889 by [[John H. Duncan]] on [[54th Street (Manhattan)#Sixth Avenue|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=Archived copy |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=2018-07-03 }} retrieved April 2, 2012.</ref> The family resided in a 5-story limestone mansion designed in 1889 by [[John H. Duncan]] on [[54th Street (Manhattan)#Sixth Avenue|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=Archived copy |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 22:24, 5 May 2020

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

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.

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 1889 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 2018-07-03 at the Wayback Machine retrieved April 2, 2012.
  4. ^ "Archived copy". Archived from the original on November 7, 2013. Retrieved June 19, 2013.{{cite web}}: CS1 maint: archived copy as title (link)


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