Joseph M. Gregory

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Joseph M. "Joe" Gregory (* 1950 ) is an American banker and was the last Chief Operating Officer , Managing Director and President and Deputy Chief Executive Officer - for Richard S. Fuld, Jr. - of the investment bank Lehman Brothers . He held his position until the bankruptcy of the bank in September 2008, is a luxury known private life.

Careers and Memberships

Gregory began his career with Lehman Brothers as a securities dealer in 1974. From 1980 to 1991, the banker was responsible for the firm's Fixed Income and Mortgages . From 1991 to 1996, Gregory was named Supervisor of the Fixed Income Department. Until April 2000, the American headed the " Global Equity Securities " division. He changed this area and was Chief Administrative Officer of the bank until May 2002.

The banker is a board member of the Posse Foundation, Inc. and a member of the board of trustees of the Harlem Children's Zone. Gregory is also part of the Hofstra University Board of Directors .

Private

In 2007, Gregory's income was approximately $ 26 million. Immediately after Lehman Brothers went bankrupt, the banker put his luxury property in Bridgehampton , New York City up for sale for $ 32.5 million. The CNBC host Donny German acquired the property ultimately for 20.5 million US dollars. Another mansion, on Long Island's north coast, was sold by Gregory in 2012 for $ 22 million. Other properties the American sold after the bankruptcy of Lehman Brothers include a private ski resort in Manchester, Vermont , a US $ 500,000 mansion in Pennsylvania and a penthouse on Park Avenue in Manhattan, the he had it auctioned for $ 4.4 million. In the winter of 2014 auctioned Gregory some of his furniture for 2,753,815 US dollars as well as parts of his art collection at a cost of 13,666,875 US dollars in the British tradition house Sotheby's . During his entire time at Lehman Brothers, Gregory earned around $ 233 million and always used the helicopter to commute to work .

Individual evidence

  1. ↑ a b Mark David: Joe Gregory Is Getting Out of the Hamptons. Variety , September 17, 2008, accessed June 21, 2015 .
  2. ↑ a b Joseph M Gregory. Forbes Magazine , accessed September 21, 2008 .
  3. ↑ Joseph M. Gregory. Marketswiki, accessed June 21, 2015 .
  4. ^ A b c Julia La Roche: Joseph Gregory Long Island Home. Business Insider, July 12, 2012, accessed June 21, 2015 .
  5. ↑ Caroline Bankoff: How the Very Rich, Including Former Lehman COO Joe Gregory, Are Dealing With the Downturn. Observer News, December 4, 2008, accessed June 21, 2015 .
  6. ^ Szu Ping Chan: Former Lehman president Joseph Gregory to auction off antique collection. The Daily Telegraph , September 18, 2013, accessed June 21, 2015 .
  7. ^ Jill Brooke: Estate Sale: Finance Titan Joe Gregory. Westchester Magazine, 2014, accessed June 21, 2015 .
  8. ^ The Faces of the Lehman Crisis: Joseph M. Gregory. Bloomberg Business , accessed June 21, 2015 .
  9. ^ Nancy Pelosi: Waxman: I have a basic question for you. Is this fair? October 6, 2008, accessed June 21, 2015 .
personal data
SURNAME Gregory, Joseph M.
ALTERNATIVE NAMES Gregory, Joe (nickname)
BRIEF DESCRIPTION American banker
DATE OF BIRTH 1950