Archives International Auctions Auction 82 January 24th, 2023

Archives International Auctions - Sale 82 113 January 24, 2023 Archives International Auctions www.archivesinternational.com 568 568 Shearson Lehman Brothers, Inc., ND (ca.1980s), Proof Bond New York, (Inc. in Delware), ND (ca.1980s). Registered Proof Bond, Black on brown border printed on tan paper, Fine-VF condition with damage to margins and staple holes at right side. In 1984, American Express acquired the investment banking and trading firm, Lehman Brothers Kuhn Loeb, and added it to the Shearson family, creating Shearson Lehman/American Express. Lehman Brothers Kuhn Loeb, which itself was the merger of Lehman Brothers and Kuhn Loeb in 1977 was led by Pete Peterson, a former United States Secretary of Commerce and future founder of the Blackstone Group. However, by the early 1980s, hostilities between the firm’s investment bankers and traders, who were driving most of the firm’s profits, prompted Peterson to promote Lewis Glucksman, the firm’s President, COO and former trader, to be his co-CEO in May 1983. Glucksman introduced a number of changes that had the effect of increasing tensions. Coupled with Glucksman’s management style and a downturn in the markets, these tensions resulted in a power struggle that ousted Peterson and left Glucksman as the sole CEO. Upset bankers who had soured over the power struggle left the company. The company suffered under the disintegration, and Glucksman was pressured into selling the firm. After the merger, Peter A. Cohen was named Chairman and CEO of Shearson Lehman. ������������������������������������������������������������������������������������������������������������������ Est. $120-200 569 569 Shearson Lehman Hutton Holdings Inc., 1988, $20,000,000 Registered Specimen Bond NY. $20,000,000 Specimen Zero Coupon Senior Note due 1997, Black text on blue border and underprint, Issued to CEDE & CO., Pin-punch cancels. Shearson was the name of a series of investment banking and retail brokerage firms from 1902 until 1994, named for Edward Shearson and the firm he founded, Shearson Hammill & Co. Among Shearson’s most notable incarnations were Shearson / American Express, Shearson Lehman / American Express, Shearson Lehman Brothers, Shearson Lehman Hutton and finally Smith Barney Shearson. For its first eight decades, the firm operated independently and merged with a number of Wall Street’s most venerable securities firms including Hayden Stone & Co. and Loeb Rhoades & Co. Rare high denomination bond issued during the 19988 financial panic. ��������������������������������������������������������������������������������������������������������������������������������� Est. $300-600 New York 570 570 Morgan Stanley Group Inc. 1994 Specimen Warrant Certificate New York, 1994. Odd Warrants Specimen Japan Index Call Warrant Certificate, Black text with blue border and undertint. Specimen POCs. VF condition, SC-USBN. �� Est. $130-260 571 571 Nasdaq Stock Market, Inc. 2000 Specimen Warrant Certificate Delaware, 2000. Odd Warrants Specimen Warrant Certificate, Black text with orange border. Specimen POCs. VF condition, SCBN. The Nasdaq Stock Market is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. Est. $130-260 572 572 Nasdaq Stock Market, Inc. 2001 Specimen Stock Certificate Rarity New York (Inc. in Delaware), 2001. Odd Shares Specimen Stock Certificate, Black text with blue border and undertint. Specimen POCs, VF condition, JBN. Rare Stock certificate with only 5 examples found in the ABN Archives in 2002. �������������������� Est. $325-650