THE LEHMAN TRILOGY

A fictional history of the immigrant family that built a great American financial institution.

Source for the eponymous stage production, Massini’s imposing novel in verse tells the story of Lehman Brothers, the venerable investment banking firm whose unimaginable collapse in 2008 helped trigger the Great Recession. Beginning with the arrival from Bavaria, in the mid-19th century, of brothers Henry, Emanuel, and Mayer and the establishment of first a grocery store and then a cotton trading business in Montgomery, Alabama, Massini follows three generations of this German Jewish family as it sinks its roots in unfamiliar soil and then, through shrewdness, daring, and tireless work, forges a worldwide financial empire. Expansive and intimate, sober and playful, Massini’s novel focuses less on arcane financial maneuvers and more on the outsized personalities of the Lehman family members who drove the company’s success. Among the most memorable are Sigmund, son of Mayer, who steels himself for leadership by memorizing a list of 120 draconian rules for ruthless business dealing, and Emanuel’s grandson Robert “Bobbie” Lehman, art collector and owner of racehorses, who shepherded the bank through the Depression and into the modern era, sowing the seeds of both its continuing prosperity and its ruin. Massini departs from the Lehman financial saga for a portrait of Herbert Lehman, Sigmund’s brother, the liberal reformer who challenged some of the excesses of capitalism displayed in the family business while serving as both governor of New York and senator from that state. With the aid of a vibrant translation from the Italian, the novel takes on an epic quality as the Lehmans relentlessly expand the scope of their business, accumulating vast wealth and economic power, while devoting themselves with equal single-mindedness to the acquisition of social status, the latter effort symbolized in their drive to shoulder aside rivals and move to the front row of their New York City synagogue.

A vivid account of one remarkable family’s role in shaping modern America.