[From The Archives] Cheryl Strauss Einhorn 1994 Article On Lehman Brothers

In July 1994, Barron’s ran an article on the newly independent bank, Lehman Brothers. The story was written by Cheryl Strauss Einhorn, an award-winning journalist and wife of David Einhorn.

The article, titled, “Lehman Brothers — Regaining Glory” questioned whether Wall Street would ever come to respect the bank’s gilt-edged reputation as an independent company after being spun off from parent, American Express, only a few months before.

13 years after Barron’s published this piece on Lehman by Cheryl Strauss Einhorn, David Einhorn announced publically that he was short Lehman’s stock after finding discrepancies between the firm’s latest financial filing and what had been discussed during its conference call about that filing. Around a year later Lehman Brothers filed for bankruptcy, and igniting...