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Rank # of Fortune 500 Companies
Texas	58
New York	55
California	52

Company	Rank
Valero Energy	16
Goldman Sachs	20
Microsoft	44

See the rest

FAQ and methodology

Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More

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100 Best Companies to Work For

FORTUNE 500

Our annual ranking of America's largest corporations

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37 of 1000

37. Lehman Brothers Holdings

Get Quote: LEH

Financials: Latest Results

Rank: 37 (Previous rank: 47)
Compare tool: Lehman Brothers Holdings vs. Top 10
CEO: Richard S. Fuld Jr.
Address: 745 Seventh Ave.
New York, NY 10019
Phone: 212-526-7000
Website: www.lehman.com

After the announcement that J.P. Morgan Chase would bail out Bear Stearns, Wall Street worried that Lehman, the nation's largest underwriter of mortgage-backed bonds - and its fourth-largest securities firm - would be banking's next disaster.

To dodge that bullet, Lehman raised capital by liquidating three funds worth $1 billion after their assets declined in value during the credit crisis. It also repackaged $2.8 billion of unsold debt into an investment vehicle it named "Freedom," then pledged some of those securities as collateral for a short-term loan from the Fed. Lehman recently raised $4 billion from a stock sale.

	$ millions	% change from 2006
Revenues	59,003.0	26.3
Profits	4,192.0	4.6
Assets	691,063.0	—
Stockholders' equity	22,490.0	—
Market value (3/28/2008)	20,931.2	—

Profits as % of
Revenues	7.1
Assets	0.6
Stockholders' equity	18.6

Earnings per share
2007 $	7.26
% change from 2006	6.6
1997-2007 annual growth rate %	19.9

Total return to investors	%
2007	-15.5
1997-2007 annual rate	18.5

Industry: Securities

Rank	Company	500 rank	Revenues ($ millions)
1	Goldman Sachs Group	20	87,968.0
2	Morgan Stanley	21	87,879.0
3	Merrill Lynch	30	64,217.0


4	Lehman Brothers Holdings	37	59,003.0
5	Bear Stearns	156	16,151.0
6	Franklin Resources	389	6,205.8
7	Charles Schwab	402	6,063.0
8	BlackRock	475	4,844.7
9	International Assets Holding	512	4,460.3
10	Legg Mason	524	4,343.7
11	NYSE Euronext	542	4,158.0
12	A.G. Edwards	655	3,126.1
13	Raymond James Financial	658	3,109.6
14	Jefferies Group	726	2,718.9
15	TD Ameritrade	746	2,632.4
16	Nasdaq OMX Group	786	2,436.6
17	T. Rowe Price	831	2,233.1
18	E*Trade Financial	833	2,222.6
19	Interactive Brokers Group	890	2,023.4
20	CME Group	959	1,756.1