This paper explains that "Greed and Glory on Wall Street," an excellent documentary about Lehman Brothers covering the period
from July 1983 to April 1984 with the firm's takeover by Shearson/American Express, is a stimulating political story about two
adversaries fighting for glory and money and bringing the company to failure in the end. The author points out that this book clarifies key business issues and some of the economic mechanisms, which were behind financial transactions on Wall Street during the 80s. The paper relates that Lehman Brothers, one of the most important and oldest banks in the United States, initially, was renowned for its conservatory actions, but 'greed' seriously began to take over during the 1980s, and the company started to speculate on Wall Street, going into leveraged buy-outs and junk bonds.