2006 Annual Report
Mapping Global Opportunities for Our Clients

In 2006, Lehman Brothers’ diversified global growth strategy identified numerous opportunities around the world.

Our strategy remains to: continue to invest in a diversified mix of businesses; expand the number of clients we cover; be more effective in delivering the entire Firm to our clients; effectively manage risk, capital and expenses; and further strengthen our culture.

Lehman Brothers' global growth strategy and opportunities are shown as words and lines in the shape of the world's continents in an animated image.
 

The transactions mentioned herein appear as a matter of record only.