{"id":262521,"date":"2019-02-20T08:27:49","date_gmt":"2019-02-20T13:27:49","guid":{"rendered":"https:\/\/news.harvard.edu\/gazette\/?p=262521"},"modified":"2023-11-08T20:40:44","modified_gmt":"2023-11-09T01:40:44","slug":"baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history","status":"publish","type":"post","link":"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/","title":{"rendered":"How Lehman became Lehman"},"content":{"rendered":"<header\n\tclass=\"wp-block-harvard-gazette-article-header alignfull article-header is-style-classic has-colored-heading has-media-on-the-left\"\n\tstyle=\" \"\n>\n\t<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"Harvard Business School Baker Library Exhibit\" height=\"1667\" loading=\"eager\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\" width=\"2500\"\/><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">The Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history, including a trading desk from the New York Stock Exchange. Among the exhibits is the \u201cLehman Brothers: A History, 1850\u20132008,\u201d which traces the firm\u2019s influence on a wide array of industries in its 150-year history.<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n\n\t<div class=\"article-header__content\">\n\t\t\t<a\n\t\t\tclass=\"article-header__category\"\n\t\t\thref=\"https:\/\/news.harvard.edu\/gazette\/section\/business-economy\/\"\n\t\t>\n\t\t\tWork &amp; Economy\t\t<\/a>\n\t\t\n\t\t<h1 class=\"article-header__title wp-block-heading \">\n\t\tHow Lehman became Lehman\t<\/h1>\n\n\t\t\t<p class=\"article-header__subheading wp-block-heading\">\n\t\t\tExhibition on the financial giant\u2019s history gives a peek into U.S. business development \u2014 and Baker Library\u2019s vast collection\t\t<\/p>\n\t\n\t\n\t<div class=\"article-header__meta\">\n\t\t<div class=\"wp-block-post-author\">\n\t\t\t<address class=\"wp-block-post-author__content\">\n\t\t\t\t\t<p class=\"author wp-block-post-author__name\">\n\t\tJuan Siliezar\t<\/p>\n\t\t\t<p class=\"wp-block-post-author__byline\">\n\t\t\tHarvard Staff Writer\t\t<\/p>\n\t\t\t\t\t<\/address>\n\t\t<\/div>\n\n\t\t<time class=\"article-header__date\" datetime=\"2019-02-20\">\n\t\t\tFebruary 20, 2019\t\t<\/time>\n\n\t\t<span class=\"article-header__reading-time\">\n\t\t\t5 min read\t\t<\/span>\n\t<\/div>\n\n\t\t\t<\/div>\n\t\t\n\t\n<\/header>\n\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-content-justification-right is-layout-constrained wp-container-core-group-is-layout-f1f2ed93 wp-block-group-is-layout-constrained\">\n\n\n\t\t<p>Before its collapse, Lehman Brothers Holdings Inc. \u2014 infamous for being the only company to declare bankruptcy during the 2008 financial crisis \u2014 had touched almost every sector of the American economy.<\/p>\n<p>Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it\u2019s easy to trace the firm\u2019s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman\u2019s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.<\/p>\n<p>Many of these documents are on display in a new exhibit at the library, \u201cLehman Brothers: A History, 1850\u20132008,\u201d that looks at firm\u2019s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.<\/p>\n<p>The materials, on display in the library\u2019s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world\u2019s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.<\/p>\n\r\n\t\n\n\t<figure class=\"wp-block-image alignwide  size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2500\" height=\"1667\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg\" alt=\"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,&quot;\" class=\"wp-image-265226\" srcset=\"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg 2500w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=150,100 150w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=300,200 300w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=768,512 768w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=1024,683 1024w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=1536,1024 1536w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=2048,1366 2048w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=48,32 48w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=96,64 96w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=1488,992 1488w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg?resize=1680,1120 1680w\" sizes=\"auto, (max-width: 2500px) 100vw, 2500px\" \/><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.\t\t\t<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n\t\n\t\r\n\n<p>\u201cThough our collections cross multiple centuries, there are themes that are reflective throughout them,\u201d said Laura Linard, senior director of special collections. \u201cYou can see the patterns.\u201d<\/p>\n<p>Materials from the collections, available for use in the de Gasp\u00e9 Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.<\/p>\n<p>\u201cClearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,\u201d Linard said. \u201cBut there\u2019s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They\u2019re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.\u201d<\/p>\n<p>One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.<\/p>\n<p>With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.<\/p>\n\r\n<figure class=\"wp-block-group wp-block-table alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1785\" height=\"2500\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\" srcset=\"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg 1785w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=107,150 107w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=214,300 214w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=768,1076 768w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=731,1024 731w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=1097,1536 1097w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=1462,2048 1462w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=23,32 23w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=46,64 46w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=1488,2084 1488w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg?resize=1680,2353 1680w\" sizes=\"auto, (max-width: 1785px) 100vw, 1785px\" \/><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2500\" height=\"1667\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\" srcset=\"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg 2500w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=150,100 150w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=300,200 300w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=768,512 768w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=1024,683 1024w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=1536,1024 1536w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=2048,1366 2048w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=48,32 48w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=96,64 96w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=1488,992 1488w, https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg?resize=1680,1120 1680w\" sizes=\"auto, (max-width: 2500px) 100vw, 2500px\" \/><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\n<figcaption class=\"wp-block-group wp-element-caption is-layout-flow wp-block-group-is-layout-flow\"><p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School&#8217;s earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\r\n\n<p>This isn\u2019t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China\u2019s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.<\/p>\n<p>Other recent exhibits focused on the emergence of world-changing inventions \u2014 a 2017 show featured items from the library\u2019s 1.5 million\u00ad\u2013object Polaroid Corp. collection \u2014 and highlighted historic moments, such as last year&#8217;s exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.<\/p>\n<p>Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton\u2019s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS\u2019s earliest benefactor, George F. Baker, who was the bank\u2019s president. His gift funded the construction of the HBS campus in 1924.<\/p>\n<p>Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World\u2019s Fair and a trading desk from the New York Stock Exchange.<\/p>\n\n\n<\/div>\n\n\t\t","protected":false},"excerpt":{"rendered":"<p>Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history<\/p>\n","protected":false},"author":122429419,"featured_media":265231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"gz_ga_pageviews":13,"gz_ga_lastupdated":"2021-11-26 04:22","document_color_palette":"crimson","author":"Juan Siliezar","affiliation":"Harvard Staff Writer","_category_override":"","_yoast_wpseo_primary_category":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41079],"tags":[5257,15457,21285,42243],"gazette-formats":[],"series":[],"class_list":["post-262521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","tag-baker-library","tag-harvard-business-school","tag-laura-linard","tag-lehman-brothers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Baker Library exhibition provides peek into U.S. business development through Lehman Brothers\u2019 history &#8212; Harvard Gazette<\/title>\n<meta name=\"description\" content=\"Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Library exhibition provides peek into U.S. business development through Lehman Brothers\u2019 history\" \/>\n<meta property=\"og:description\" content=\"Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/\" \/>\n<meta property=\"og:site_name\" content=\"Harvard Gazette\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-20T13:27:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T01:40:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2500\" \/>\n\t<meta property=\"og:image:height\" content=\"1667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"gazettebeckycoleman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Baker Library exhibition provides peek into U.S. business development through Lehman Brothers\u2019 history\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/\"},\"author\":{\"name\":\"gazettebeckycoleman\",\"@id\":\"https:\/\/news.harvard.edu\/gazette\/#\/schema\/person\/c6c859c924528563b44146bb17e8949f\"},\"headline\":\"How Lehman became Lehman\",\"datePublished\":\"2019-02-20T13:27:49+00:00\",\"dateModified\":\"2023-11-09T01:40:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/\"},\"wordCount\":877,\"publisher\":{\"@id\":\"https:\/\/news.harvard.edu\/gazette\/#organization\"},\"image\":{\"@id\":\"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\",\"keywords\":[\"Baker Library\",\"Harvard Business School\",\"Laura Linard\",\"Lehman Brothers\"],\"articleSection\":[\"Work &amp; 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Spanning eight centuries, the Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history. The story gives an overview of some of collections at the library with a focus on the current exhibit there, Lehman Brothers. Items featured include: Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,\\\" Robert Merton\u2019s Nobel Medal.Bronze Bas, Desk of George, and The Deal books. 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Spanning eight centuries, the Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history. The story gives an overview of some of collections at the library with a focus on the current exhibit there, Lehman Brothers. Items featured include: Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,\" Robert Merton\u2019s Nobel Medal.Bronze Bas, Desk of George, and The Deal books. Kris Snibbe\/Harvard Staff Photographer"},{"@type":"WebSite","@id":"https:\/\/news.harvard.edu\/gazette\/#website","url":"https:\/\/news.harvard.edu\/gazette\/","name":"Harvard Gazette","description":"Official news from Harvard University covering innovation in teaching, learning, and research","publisher":{"@id":"https:\/\/news.harvard.edu\/gazette\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.harvard.edu\/gazette\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/news.harvard.edu\/gazette\/#organization","name":"The Harvard Gazette","url":"https:\/\/news.harvard.edu\/gazette\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.harvard.edu\/gazette\/#\/schema\/logo\/image\/","url":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/12\/Harvard_Gazette_logo.svg","contentUrl":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/12\/Harvard_Gazette_logo.svg","width":164,"height":64,"caption":"The Harvard Gazette"},"image":{"@id":"https:\/\/news.harvard.edu\/gazette\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/news.harvard.edu\/gazette\/#\/schema\/person\/c6c859c924528563b44146bb17e8949f","name":"gazettebeckycoleman"}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Lehman became Lehman","url":"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/news.harvard.edu\/gazette\/story\/2019\/02\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\/"},"thumbnailUrl":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg?w=150","image":{"@type":"ImageObject","url":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg"},"articleSection":"Work &amp; Economy","author":[{"@type":"Person","name":"gazettebeckycoleman"}],"creator":["gazettebeckycoleman"],"publisher":{"@type":"Organization","name":"Harvard Gazette","logo":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2023\/12\/Harvard_Gazette_logo.svg"},"keywords":["baker library","harvard business school","laura linard","lehman brothers"],"dateCreated":"2019-02-20T13:27:49Z","datePublished":"2019-02-20T13:27:49Z","dateModified":"2023-11-09T01:40:44Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Lehman became Lehman\",\"url\":\"https:\\\/\\\/news.harvard.edu\\\/gazette\\\/story\\\/2019\\\/02\\\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/news.harvard.edu\\\/gazette\\\/story\\\/2019\\\/02\\\/baker-library-exhibition-provides-peek-into-u-s-business-development-through-lehman-brothers-history\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/news.harvard.edu\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/012419_HBS_012_2500.jpg?w=150\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/news.harvard.edu\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/012419_HBS_012_2500.jpg\"},\"articleSection\":\"Work &amp; 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Among the exhibits is the \u201cLehman Brothers: A History, 1850\u20132008,\u201d which traces the firm\u2019s influence on a wide array of industries in its 150-year history.","mediaId":265231,"mediaSize":"full","mediaType":"image","mediaUrl":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg","poster":"","title":"How Lehman became Lehman","subheading":"Exhibition on the financial giant\u2019s history gives a peek into U.S. business development \u2014 and Baker Library\u2019s vast collection","className":"is-style-classic","mediaHeight":1667,"mediaWidth":2500,"backgroundFixed":false,"backgroundTone":"light","centeredImage":false,"coloredBackground":false,"displayOverlay":true,"fadeInText":false,"isAmbient":false,"mediaLength":"","mediaPosition":"","posterText":"","titleAbove":false,"useUncroppedImage":false,"lock":[],"metadata":[]},"innerBlocks":[],"innerHTML":"<figure class=\"wp-block-image\"><img alt=\"Harvard Business School Baker Library Exhibit\" height=\"1667\" loading=\"eager\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\" width=\"2500\"\/><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">The Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history, including a trading desk from the New York Stock Exchange. Among the exhibits is the \u201cLehman Brothers: A History, 1850\u20132008,\u201d which traces the firm\u2019s influence on a wide array of industries in its 150-year history.<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n","innerContent":["<figure class=\"wp-block-image\"><img alt=\"Harvard Business School Baker Library Exhibit\" height=\"1667\" loading=\"eager\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\" width=\"2500\"\/><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">The Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history, including a trading desk from the New York Stock Exchange. Among the exhibits is the \u201cLehman Brothers: A History, 1850\u20132008,\u201d which traces the firm\u2019s influence on a wide array of industries in its 150-year history.<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n"],"rendered":"<header\n\tclass=\"wp-block-harvard-gazette-article-header alignfull article-header is-style-classic has-colored-heading has-media-on-the-left\"\n\tstyle=\" \"\n>\n\t<figure class=\"wp-block-image\"><img alt=\"Harvard Business School Baker Library Exhibit\" height=\"1667\" loading=\"eager\" src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_012_2500.jpg\" width=\"2500\"\/><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">The Harvard Business School\u2019s Baker Library holds one of the most extensive collections of business and economic history, including a trading desk from the New York Stock Exchange. Among the exhibits is the \u201cLehman Brothers: A History, 1850\u20132008,\u201d which traces the firm\u2019s influence on a wide array of industries in its 150-year history.<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n\n\t<div class=\"article-header__content\">\n\t\t\t<a\n\t\t\tclass=\"article-header__category\"\n\t\t\thref=\"https:\/\/news.harvard.edu\/gazette\/section\/business-economy\/\"\n\t\t>\n\t\t\tWork &amp; Economy\t\t<\/a>\n\t\t\n\t\t<h1 class=\"article-header__title wp-block-heading \">\n\t\tHow Lehman became Lehman\t<\/h1>\n\n\t\t\t<p class=\"article-header__subheading wp-block-heading\">\n\t\t\tExhibition on the financial giant\u2019s history gives a peek into U.S. business development \u2014 and Baker Library\u2019s vast collection\t\t<\/p>\n\t\n\t\n\t<div class=\"article-header__meta\">\n\t\t<div class=\"wp-block-post-author\">\n\t\t\t<address class=\"wp-block-post-author__content\">\n\t\t\t\t\t<p class=\"author wp-block-post-author__name\">\n\t\tJuan Siliezar\t<\/p>\n\t\t\t<p class=\"wp-block-post-author__byline\">\n\t\t\tHarvard Staff Writer\t\t<\/p>\n\t\t\t\t\t<\/address>\n\t\t<\/div>\n\n\t\t<time class=\"article-header__date\" datetime=\"2019-02-20\">\n\t\t\tFebruary 20, 2019\t\t<\/time>\n\n\t\t<span class=\"article-header__reading-time\">\n\t\t\t5 min read\t\t<\/span>\n\t<\/div>\n\n\t\t\t<\/div>\n\t\t\n\t\n<\/header>\n"},"2":{"blockName":"core\/group","attrs":{"templateLock":false,"metadata":{"name":"Article content"},"align":"wide","layout":{"type":"constrained","justifyContent":"right"},"tagName":"div","lock":[],"className":"","style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","ariaLabel":"","anchor":""},"innerBlocks":[{"blockName":"core\/freeform","attrs":{"content":"","lock":[],"metadata":[]},"innerBlocks":[],"innerHTML":"\n\t\t<p>Before its collapse, Lehman Brothers Holdings Inc. \u2014 infamous for being the only company to declare bankruptcy during the 2008 financial crisis \u2014 had touched almost every sector of the American economy.<\/p>\n<p>Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it\u2019s easy to trace the firm\u2019s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman\u2019s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.<\/p>\n<p>Many of these documents are on display in a new exhibit at the library, \u201cLehman Brothers: A History, 1850\u20132008,\u201d that looks at firm\u2019s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.<\/p>\n<p>The materials, on display in the library\u2019s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world\u2019s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.<\/p>\n","innerContent":["\n\t\t<p>Before its collapse, Lehman Brothers Holdings Inc. \u2014 infamous for being the only company to declare bankruptcy during the 2008 financial crisis \u2014 had touched almost every sector of the American economy.<\/p>\n<p>Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it\u2019s easy to trace the firm\u2019s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman\u2019s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.<\/p>\n<p>Many of these documents are on display in a new exhibit at the library, \u201cLehman Brothers: A History, 1850\u20132008,\u201d that looks at firm\u2019s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.<\/p>\n<p>The materials, on display in the library\u2019s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world\u2019s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.<\/p>\n"],"rendered":"\n\t\t<p>Before its collapse, Lehman Brothers Holdings Inc. \u2014 infamous for being the only company to declare bankruptcy during the 2008 financial crisis \u2014 had touched almost every sector of the American economy.<\/p>\n<p>Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it\u2019s easy to trace the firm\u2019s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman\u2019s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.<\/p>\n<p>Many of these documents are on display in a new exhibit at the library, \u201cLehman Brothers: A History, 1850\u20132008,\u201d that looks at firm\u2019s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.<\/p>\n<p>The materials, on display in the library\u2019s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world\u2019s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.<\/p>\n"},{"blockName":"core\/image","attrs":{"sizeSlug":"full","align":"wide","id":265226,"caption":"he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.","creditText":"Kris Snibbe\/Harvard Staff Photographer","blob":"","url":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg","alt":"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,\"","lightbox":[],"title":"","href":"","rel":"","linkClass":"","width":"","height":"","aspectRatio":"","scale":"","linkDestination":"","linkTarget":"","lock":[],"metadata":[],"className":"","style":[],"borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n\n\t<figure class=\"wp-block-image alignwide  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg\" alt=\"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,&quot;\" class=\"wp-image-265226\"><figcaption class=\"wp-element-caption\">he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.\t\t\t<\/figcaption><\/figure>\n\t","innerContent":["\n\n\t<figure class=\"wp-block-image alignwide  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg\" alt=\"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,&quot;\" class=\"wp-image-265226\"><figcaption class=\"wp-element-caption\">he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.\t\t\t<\/figcaption><\/figure>\n\t"],"rendered":"\n\n\t<figure class=\"wp-block-image alignwide  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg\" alt=\"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,&quot;\" class=\"wp-image-265226\"><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.\t\t\t<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n\t"},{"blockName":"core\/freeform","attrs":{"content":"","lock":[],"metadata":[]},"innerBlocks":[],"innerHTML":"\n<p>\u201cThough our collections cross multiple centuries, there are themes that are reflective throughout them,\u201d said Laura Linard, senior director of special collections. \u201cYou can see the patterns.\u201d<\/p>\n<p>Materials from the collections, available for use in the de Gasp\u00e9 Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.<\/p>\n<p>\u201cClearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,\u201d Linard said. \u201cBut there\u2019s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They\u2019re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.\u201d<\/p>\n<p>One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.<\/p>\n<p>With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.<\/p>\n","innerContent":["\n<p>\u201cThough our collections cross multiple centuries, there are themes that are reflective throughout them,\u201d said Laura Linard, senior director of special collections. \u201cYou can see the patterns.\u201d<\/p>\n<p>Materials from the collections, available for use in the de Gasp\u00e9 Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.<\/p>\n<p>\u201cClearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,\u201d Linard said. \u201cBut there\u2019s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They\u2019re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.\u201d<\/p>\n<p>One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.<\/p>\n<p>With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.<\/p>\n"],"rendered":"\n<p>\u201cThough our collections cross multiple centuries, there are themes that are reflective throughout them,\u201d said Laura Linard, senior director of special collections. \u201cYou can see the patterns.\u201d<\/p>\n<p>Materials from the collections, available for use in the de Gasp\u00e9 Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.<\/p>\n<p>\u201cClearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,\u201d Linard said. \u201cBut there\u2019s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They\u2019re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.\u201d<\/p>\n<p>One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.<\/p>\n<p>With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.<\/p>\n"},{"blockName":"core\/group","attrs":{"tagName":"figure","align":"wide","className":"wp-block-table","templateLock":null,"lock":[],"metadata":[],"style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","layout":[],"ariaLabel":"","anchor":""},"innerBlocks":[{"blockName":"core\/columns","attrs":{"verticalAlignment":"center","isStackedOnMobile":true,"templateLock":null,"lock":[],"metadata":[],"align":"","className":"","style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","layout":[],"anchor":""},"innerBlocks":[{"blockName":"core\/column","attrs":{"verticalAlignment":"center","width":"","templateLock":null,"lock":[],"metadata":[],"className":"","style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","layout":[],"anchor":""},"innerBlocks":[{"blockName":"core\/image","attrs":{"sizeSlug":"full","align":"none","id":265228,"blob":"","url":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg","alt":"Robert Merton\u2019s Nobel Medal","caption":null,"lightbox":[],"title":"","href":"","rel":"","linkClass":"","width":"","height":"","aspectRatio":"","scale":"","linkDestination":"","linkTarget":"","lock":[],"metadata":[],"className":"","style":[],"borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t","innerContent":["\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t"],"rendered":"\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t"}],"innerHTML":"\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center\">\n\t\t\t\t\n\t\r\n\t\t\t<\/div>\n\t\t\t","innerContent":["\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center\">\n\t\t\t\t","\n\t\r\n\t\t\t<\/div>\n\t\t\t"],"rendered":"\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t"},{"blockName":"core\/column","attrs":{"verticalAlignment":"center","width":"","templateLock":null,"lock":[],"metadata":[],"className":"","style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","layout":[],"anchor":""},"innerBlocks":[{"blockName":"core\/image","attrs":{"sizeSlug":"full","align":"none","id":265238,"blob":"","url":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg","alt":"Desk from First National Bank","caption":null,"lightbox":[],"title":"","href":"","rel":"","linkClass":"","width":"","height":"","aspectRatio":"","scale":"","linkDestination":"","linkTarget":"","lock":[],"metadata":[],"className":"","style":[],"borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t","innerContent":["\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t"],"rendered":"\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t"}],"innerHTML":"\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center\">\n\t\t\t\t\n\t\r\n\t\t\t<\/div>\n\t\t\t","innerContent":["\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center\">\n\t\t\t\t","\n\t\r\n\t\t\t<\/div>\n\t\t\t"],"rendered":"\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t"}],"innerHTML":"\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster\">\n\t\t\t\t\n\t\t\t\t\t\n\t\t<\/div>\n","innerContent":["\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster\">\n\t\t\t\t","\n\t\t\t\t\t","\n\t\t<\/div>\n"],"rendered":"\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n"},{"blockName":"core\/group","attrs":{"tagName":"figcaption","className":"wp-element-caption","templateLock":null,"lock":[],"metadata":[],"align":"","style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","layout":[],"ariaLabel":"","anchor":""},"innerBlocks":[{"blockName":"core\/paragraph","attrs":{"className":"wp-element-caption--caption","align":"","content":"Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. ","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"<p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p>","innerContent":["<p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p>"],"rendered":"<p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p>"},{"blockName":"core\/paragraph","attrs":{"className":"wp-element-caption--credit","align":"","content":"Kris Snibbe\/Harvard Staff Photographer","dropCap":false,"placeholder":"","direction":"","lock":[],"metadata":[],"style":[],"backgroundColor":"","textColor":"","gradient":"","fontSize":"","fontFamily":"","borderColor":"","anchor":""},"innerBlocks":[],"innerHTML":"<p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p>","innerContent":["<p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p>"],"rendered":"<p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p>"}],"innerHTML":"<figcaption class=\"wp-block-group wp-element-caption\"><\/figcaption>","innerContent":["<figcaption class=\"wp-block-group wp-element-caption\">","<\/figcaption>"],"rendered":"<figcaption class=\"wp-block-group wp-element-caption is-layout-flow wp-block-group-is-layout-flow\"><p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption>"}],"innerHTML":"<figure class=\"wp-block-group wp-block-table alignwide\">\n<\/figure>","innerContent":["<figure class=\"wp-block-group wp-block-table alignwide\">","\n","<\/figure>"],"rendered":"<figure class=\"wp-block-group wp-block-table alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\n<figcaption class=\"wp-block-group wp-element-caption is-layout-flow wp-block-group-is-layout-flow\"><p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>"},{"blockName":"core\/freeform","attrs":{"content":"","lock":[],"metadata":[]},"innerBlocks":[],"innerHTML":"\n<p>This isn\u2019t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China\u2019s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.<\/p>\n<p>Other recent exhibits focused on the emergence of world-changing inventions \u2014 a 2017 show featured items from the library\u2019s 1.5 million\u00ad\u2013object Polaroid Corp. collection \u2014 and highlighted historic moments, such as last year's exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.<\/p>\n<p>Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton\u2019s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS\u2019s earliest benefactor, George F. Baker, who was the bank\u2019s president. His gift funded the construction of the HBS campus in 1924.<\/p>\n<p>Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World\u2019s Fair and a trading desk from the New York Stock Exchange.<\/p>\n","innerContent":["\n<p>This isn\u2019t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China\u2019s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.<\/p>\n<p>Other recent exhibits focused on the emergence of world-changing inventions \u2014 a 2017 show featured items from the library\u2019s 1.5 million\u00ad\u2013object Polaroid Corp. collection \u2014 and highlighted historic moments, such as last year's exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.<\/p>\n<p>Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton\u2019s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS\u2019s earliest benefactor, George F. Baker, who was the bank\u2019s president. His gift funded the construction of the HBS campus in 1924.<\/p>\n<p>Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World\u2019s Fair and a trading desk from the New York Stock Exchange.<\/p>\n"],"rendered":"\n<p>This isn\u2019t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China\u2019s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.<\/p>\n<p>Other recent exhibits focused on the emergence of world-changing inventions \u2014 a 2017 show featured items from the library\u2019s 1.5 million\u00ad\u2013object Polaroid Corp. collection \u2014 and highlighted historic moments, such as last year's exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.<\/p>\n<p>Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton\u2019s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS\u2019s earliest benefactor, George F. Baker, who was the bank\u2019s president. His gift funded the construction of the HBS campus in 1924.<\/p>\n<p>Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World\u2019s Fair and a trading desk from the New York Stock Exchange.<\/p>\n"}],"innerHTML":"\n<div class=\"wp-block-group alignwide\">\n\n\r\n\t\n\t\r\n\r\n\r\n\n\n<\/div>\n","innerContent":["\n<div class=\"wp-block-group alignwide\">\n\n","\r\n\t","\n\t\r\n","\r\n","\r\n","\n\n<\/div>\n"],"rendered":"\n<div class=\"wp-block-group alignwide has-global-padding is-content-justification-right is-layout-constrained wp-container-core-group-is-layout-f1f2ed93 wp-block-group-is-layout-constrained\">\n\n\n\t\t<p>Before its collapse, Lehman Brothers Holdings Inc. \u2014 infamous for being the only company to declare bankruptcy during the 2008 financial crisis \u2014 had touched almost every sector of the American economy.<\/p>\n<p>Looking at its primary business records, the majority of which are at the Baker Library of Harvard Business School (HBS), it\u2019s easy to trace the firm\u2019s influence on a wide array of industries in its 150-year history, from retail and film to aviation and technology. The documents show everything from Lehman\u2019s business transactions to its stock certificates, and make clear just how broad a reach the company had in national and global business.<\/p>\n<p>Many of these documents are on display in a new exhibit at the library, \u201cLehman Brothers: A History, 1850\u20132008,\u201d that looks at firm\u2019s wide reach as it went from small and family-run to the fourth-largest investment bank in the U.S.<\/p>\n<p>The materials, on display in the library\u2019s north lobby until July 12, are part of a treasure trove of historical collections focusing on the evolution of business. The library holds one of the world\u2019s most extensive collections of business and economic history; it spans eight centuries and contains more than 180,000 rare books, 186,000 annual reports, 48,000 linear feet of archives and manuscripts, and 200,000 photographs. Together, these documents help shine a light on theories, organizations, and individuals that shaped the business world while also supporting research in a number of nonbusiness fields, including social history, science, and technology.<\/p>\n\r\n\t\n\n\t<figure class=\"wp-block-image alignwide  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_002_2500.jpg\" alt=\"Paul Mazur\u2019s org chart in the book: Principles of Organization Applied to Modern Retailing,&quot;\" class=\"wp-image-265226\"><figcaption class=\"wp-element-caption\"><p class=\"wp-element-caption--caption\">he book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, a partner in the Lehman Brothers firm, set the standard for how department stores are organized.\t\t\t<\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\n\t\n\t\r\n\n<p>\u201cThough our collections cross multiple centuries, there are themes that are reflective throughout them,\u201d said Laura Linard, senior director of special collections. \u201cYou can see the patterns.\u201d<\/p>\n<p>Materials from the collections, available for use in the de Gasp\u00e9 Beaubien Reading Room, are often brought out for exhibits about how important figures in business influence world affairs. The current exhibit, along with chronicling the history of Lehman Brothers, also shows the role investment banking played in the growth of the U.S. economy and how it helped launch industries that have changed history.<\/p>\n<p>\u201cClearly the focus and the way everyone remembers Lehman Brothers is as the only company that went bankrupt in the 2008 financial crisis,\u201d Linard said. \u201cBut there\u2019s a theme that happens with Lehman throughout, where what they were doing is recognizing the potential in emerging industries. They\u2019re offering banking and financial services to these industries that are still considered potentially risky. When you look at Lehman, you can look at the development of business in the United States.\u201d<\/p>\n<p>One of the biggest industries Lehman Brothers influenced was retail. Through a 1927 book by a partner at the firm, Lehman Brothers set the standard for how department stores are organized. The book, \u201cPrinciples of Organization Applied to Modern Retailing\u201d by Paul Myer Mazur, become a textbook in business schools throughout the U.S., including HBS.<\/p>\n<p>With its investments, Lehman often displayed an ability to foresee which then-novel industries would develop into mainstream successes. The firm invested early in Paramount Pictures, Pan American Airways, and IBM.<\/p>\n\r\n<figure class=\"wp-block-group wp-block-table alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center media-cluster is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/012419_HBS_008_2500.jpg\" alt=\"Robert Merton\u2019s Nobel Medal\" class=\"wp-image-265228\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\n\t\t\t<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\n\n\t<figure class=\"wp-block-image alignnone  size-full is-resized\"><img src=\"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2019\/01\/Desk_2500_Medium.jpg\" alt=\"Desk from First National Bank\" class=\"wp-image-265238\"><\/figure>\n\t\n\t\r\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\n<figcaption class=\"wp-block-group wp-element-caption is-layout-flow wp-block-group-is-layout-flow\"><p class=\"wp-element-caption--caption\">Economist Robert C. Merton\u2019s 1997 Nobel Prize medal \u2014 the first for an HBS faculty member. A desk from the First National Bank of New York (now Citibank) that belonged to Business School's earliest benefactor, George F. Baker, who was the bank\u2019s president. <\/p><p class=\"wp-element-caption--credit\">Kris Snibbe\/Harvard Staff Photographer<\/p><\/figcaption><\/figure>\r\n\n<p>This isn\u2019t the first exhibit at Baker Library to tap into current financial events. During the financial crisis, the library looked at previous economic crises and what could be learned from them. In 2010, as personal borrowing gained more media spotlight, the library looked at how the credit industry moved from the fringes of the economy to its center. And in 2012, as China\u2019s economy expanded, the library explored American entrepreneurs doing business in China as early as the mid-1800s.<\/p>\n<p>Other recent exhibits focused on the emergence of world-changing inventions \u2014 a 2017 show featured items from the library\u2019s 1.5 million\u00ad\u2013object Polaroid Corp. collection \u2014 and highlighted historic moments, such as last year's exhibit on the African-American experience at HBS from 1915 to 1990 and the formation of the African-American Student Union in 1968.<\/p>\n<p>Two of the neatest special-collections displays at Baker Library are economist Robert C. Merton\u2019s 1997 Nobel Prize medal (the first for an HBS faculty member) and a desk from the First National Bank of New York (now Citibank) that belonged to HBS\u2019s earliest benefactor, George F. Baker, who was the bank\u2019s president. His gift funded the construction of the HBS campus in 1924.<\/p>\n<p>Other small displays relate to HBS history and business history in general. Two of the most notable are a bronze bas relief commissioned for an exhibit in the 1939 New York World\u2019s Fair and a trading desk from the New York Stock Exchange.<\/p>\n\n\n<\/div>\n"}},"jetpack-related-posts":[{"id":366110,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2023\/11\/refreshing-harvards-halls-and-walls-to-reflect-21st-century-ethos\/","url_meta":{"origin":262521,"position":0},"title":"Refreshing Harvard\u2019s halls and walls to reflect \u201821st-century ethos\u2019","author":"harvardgazette","date":"November 1, 2023","format":false,"excerpt":"Campus curator Brenda Tindal discusses plans to update spaces while honoring past","rel":"","context":"In &quot;Campus &amp; Community&quot;","block_context":{"text":"Campus &amp; Community","link":"https:\/\/news.harvard.edu\/gazette\/section\/campus-community\/"},"img":{"alt_text":"Brenda Tindal","src":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/10\/082823_Brenda_Tindal_150.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/10\/082823_Brenda_Tindal_150.jpg?resize=350%2C200 1x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/10\/082823_Brenda_Tindal_150.jpg?resize=525%2C300 1.5x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/10\/082823_Brenda_Tindal_150.jpg?resize=700%2C400 2x"},"classes":[]},{"id":17518,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2003\/06\/portraits-unveiled\/","url_meta":{"origin":262521,"position":1},"title":"Portraits unveiled:","author":"gazetteimport","date":"June 5, 2003","format":false,"excerpt":"The Harvard University Portrait Collection has acquired two new portraits. Portraits of the late Arthur Lehman, A.B. 1894, and Adele Lewisohn Lehman were unveiled at a ceremony on May 15 at Lehman Hall. The portraits were the gift of the Lehmans grandson, Ambassador John L. Loeb Jr. 52, M.B.A. 1954.\u2026","rel":"","context":"In &quot;Campus &amp; Community&quot;","block_context":{"text":"Campus &amp; Community","link":"https:\/\/news.harvard.edu\/gazette\/section\/campus-community\/"},"img":{"alt_text":"Arthur Lehman","src":"https:\/\/news.harvard.edu\/gazette\/wp-content\/uploads\/2003\/06\/02-lehman2-450.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":356074,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2023\/03\/why-the-fda-is-tightening-mammogram-requirements\/","url_meta":{"origin":262521,"position":2},"title":"New FDA rules may help with prevention, detection of breast cancer","author":"gazettebeckycoleman","date":"March 28, 2023","format":false,"excerpt":"Radiologist explains how new rule on tissue \"density\" could aid prevention, detection of breast cancer, add to doctor-patient dialogue.","rel":"","context":"In &quot;Health&quot;","block_context":{"text":"Health","link":"https:\/\/news.harvard.edu\/gazette\/section\/health\/"},"img":{"alt_text":"Radiologist examines mammograms with magnifying glass.","src":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/03\/20230328_mammograms_AP23068610111525.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/03\/20230328_mammograms_AP23068610111525.jpg?resize=350%2C200 1x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/03\/20230328_mammograms_AP23068610111525.jpg?resize=525%2C300 1.5x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2023\/03\/20230328_mammograms_AP23068610111525.jpg?resize=700%2C400 2x"},"classes":[]},{"id":380404,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2024\/03\/harvard-griffin-gsas-applications-rise-nearly-16-over-past-three-years\/","url_meta":{"origin":262521,"position":3},"title":"Harvard Griffin GSAS applications rise nearly 16% over past three years\u00a0","author":"harvardgazette","date":"March 6, 2024","format":false,"excerpt":"25,240 applicant pool for master\u2019s, Ph.D. programs","rel":"","context":"In &quot;Campus &amp; Community&quot;","block_context":{"text":"Campus &amp; Community","link":"https:\/\/news.harvard.edu\/gazette\/section\/campus-community\/"},"img":{"alt_text":"Lehman Hall.","src":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2024\/03\/091720_bldg_015.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/news.harvard.edu\/wp-content\/uploads\/2024\/03\/091720_bldg_015.jpg?resize=350%2C200 1x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2024\/03\/091720_bldg_015.jpg?resize=525%2C300 1.5x, https:\/\/news.harvard.edu\/wp-content\/uploads\/2024\/03\/091720_bldg_015.jpg?resize=700%2C400 2x"},"classes":[]},{"id":31146,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2009\/11\/executives-kept-wealth-as-firms-failed-study-says\/","url_meta":{"origin":262521,"position":4},"title":"Executives Kept Wealth as Firms Failed, Study Says","author":"harvardgazette","date":"November 23, 2009","format":false,"excerpt":"Many people on Wall Street say these examples help make the case that pay incentives were not what caused executives at these fallen firms to take excessive risks. But three professors at Harvard are disputing that logic in a new study, saying it is an urban myth that executives at\u2026","rel":"","context":"In &quot;Campus &amp; Community&quot;","block_context":{"text":"Campus &amp; Community","link":"https:\/\/news.harvard.edu\/gazette\/section\/campus-community\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41956,"url":"https:\/\/news.harvard.edu\/gazette\/story\/2003\/12\/exterior-decorator\/","url_meta":{"origin":262521,"position":5},"title":"Exterior decorator","author":"gazetteimport","date":"December 4, 2003","format":false,"excerpt":"Rick McGregor, a Forestry Department employee for the city of Cambridge, makes sure a wreath looks just so on its lamppost in front of Lehman Hall as the holiday season kicks off in earnest.","rel":"","context":"In &quot;Campus &amp; Community&quot;","block_context":{"text":"Campus &amp; Community","link":"https:\/\/news.harvard.edu\/gazette\/section\/campus-community\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/posts\/262521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/users\/122429419"}],"replies":[{"embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/comments?post=262521"}],"version-history":[{"count":11,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/posts\/262521\/revisions"}],"predecessor-version":[{"id":265251,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/posts\/262521\/revisions\/265251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/media\/265231"}],"wp:attachment":[{"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/media?parent=262521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/categories?post=262521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/tags?post=262521"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/gazette-formats?post=262521"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/news.harvard.edu\/gazette\/wp-json\/wp\/v2\/series?post=262521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}