What Happened to E.F. Hutton?

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Dec 15, 2005 5:44 pm

Does any one besides me remember this company and what happened to them?


I remember there slogan ( When E.F. Hutton speaks people listen!)


Dec 15, 2005 6:05 pm
Greenbacks:

Does any one besides me remember this company and what happened to them?


I remember there slogan ( When E.F. Hutton speaks people listen!)





Yes, someone besides you does. 

Dec 15, 2005 8:35 pm

E.F. Hutton was absorbed by what is now Smith Barney.

Dec 15, 2005 8:36 pm

Oops, I just realised that you guys know this already.  I mis-took the tone of the question. 

Dec 15, 2005 10:43 pm
SonnyClips:

Hey wasn't it... "When E.F. Hutton Talks People Listen." I remember that sh*t. They kept doing it to larger and larger groups of people. Started in a restaurant wound up at Yankee stadium or some sh*t. I think they ran out of people to listen.

Don't forget John Houseman doing... "At Smith Barney we Don't Make Money We Earn It."


Actually, it was, "At Smith Barney we make money the old-fashioned way.....We EARNNNNN it."

Dec 16, 2005 7:49 am

and didn't someone do a spoof on it


"At whomever it was we make money the old fashion way, we inherit it"

Dec 16, 2005 8:00 am
compliancejerk:

and didn't someone do a spoof on it


"At whomever it was we make money the old fashion way, we inherit it"



Robin Williams did a great take on it (and he was a freind of John Houseman). "At Smith Barney we make money the old fashioned way, we pimmmmip for it".

Dec 16, 2005 9:53 am

I though Lehman bought EF Hutton...had the bame shearson-lehman-hutton for a short time and now is lehman bros?  Is that correct?

Dec 16, 2005 10:44 am

I honestly thought it was Morgan Stanley and EF Hutton that hooked up.  Wasn't EF Hutton part of the Sears broker deal, where an actual broker was located in some of the Sears Dept. stores?

Dec 16, 2005 10:59 am

Csmelnix, that's Dean Witter you're thinking about (w/ MS).


Hutton was bought by Shearson/Lehman (then owned by American Express) in the mid 80's; became Shearson Lehman Hutton for a while until Hutton name was dropped.  Shearson evolved into Smith Barney. 

Dec 16, 2005 11:15 am
dude:

E.F. Hutton was absorbed by what is now Smith Barney.



Correctimundo  

Dec 16, 2005 1:09 pm
Duke#1:

Csmelnix, that's Dean Witter you're thinking about (w/ MS).


Hutton was bought by Shearson/Lehman (then owned by American Express) in the mid 80's; became Shearson Lehman Hutton for a while until Hutton name was dropped.  Shearson evolved into Smith Barney. 



Generally that is correct.


However, I think AmEx sold Smith Barney to Primerica(the old American Can) and then later on spun off Lehman.

Dec 16, 2005 1:21 pm

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, American Express sold Shearson Lehman Brothers Inc. to the Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In 1994, the company offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...



Dec 16, 2005 1:36 pm

Thx on the corrections....I love this board; these things just keep going and going!!!!!!!

Dec 16, 2005 1:51 pm
zacko:

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Kuhn%2C+Loeb+%26+Co.&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express sold Shearson Lehman Brothers Inc. to the <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Citigroup&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=1994&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">1994, the company <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Initial+public+offering&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...





"...And Ozias begat Joatham; and Joatham begat Achaz; and Achaz begat Ezekias; 1:10 And Ezekias begat Manasses; and Manasses begat Amon; and Amon begat Josias..."


Dec 17, 2005 3:39 pm
mikebutler222:
zacko:

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Kuhn%2C+Loeb+%26+Co.&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express sold Shearson Lehman Brothers Inc. to the <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Citigroup&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=1994&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">1994, the company <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Initial+public+offering&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...





"...And Ozias begat Joatham; and Joatham begat Achaz; and Achaz begat Ezekias; 1:10 And Ezekias begat Manasses; and Manasses begat Amon; and Amon begat Josias..."


.....and John Bachmann begat Doug Hill; and Doug Hill begat Jim Weddle.


Sorry, I just couldn't resist turning this into an Edward Jones thread!


Dec 17, 2005 4:48 pm

.....and John Bachmann begat Doug Hill; and Doug Hill begat Jim Weddle.


Sorry, I just couldn't resist turning this into an Edward Jones thread!



Sooth,


You rock.

Dec 18, 2005 12:45 am
zacko:

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Kuhn%2C+Loeb+%26+Co.&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express sold Shearson Lehman Brothers Inc. to the <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Citigroup&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=1994&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">1994, the company <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Initial+public+offering&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...






Not bad Zacko.  While you're at it, work in the background on where Smith Barney and Salomon Brothers fit into the story line!


By the way, I had dinner at Westport Plaza this week, and you crossed my mind.....

Dec 19, 2005 10:48 am
zacko:

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Kuhn%2C+Loeb+%26+Co.&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express sold Shearson Lehman Brothers Inc. to the <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Citigroup&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=1994&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">1994, the company <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Initial+public+offering&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...



Not to nitpick, Zacko, but Lehman didn't acquire AXP.  AXP bought Shearson Loeb Rhodes in 1981, then bought Lehman in 1984 (when it also bought IDS).  

Jan 11, 2006 10:34 pm
Duke#1:
zacko:

OK..here it is...


In 1975, the firm acquired Abraham & Co.. In 1977, Lehman Brothers and <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Kuhn%2C+Loeb+%26+Co.&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Kuhn, Loeb & Co. merged to form Lehman Brothers Kuhn Loeb & Co. In 1984, Lehman Brothers Kuhn Loeb & Co. acquired <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express and becameShearson Lehman/American Express. In 1988, Shearson Lehman and E.F. Hutton & Co. merged as Shearson Lehman Hutton Inc. In 1993, <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=American+Express&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">American Express sold Shearson Lehman Brothers Inc. to the <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Citigroup&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">Travelers Group which divested Lehman Brothers and the firm once again became an independent company. In <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=1994&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">1994, the company <A class=ilnk href="http://www.answers.com/main/ntquery?method=4&dsid=2222&dekey=Initial+public+offering&gwp=8&curtab=2222_1" target=blank onclick="addLinkTextToHrefthis;" target="blank">offered public stock; Lehman Brothers Holding Inc. common stock commenced trading on New York & Pacific


Citigroup later aquired Travelers and Lehman bros was spun-off prior.  So, there you have it...



Not to nitpick, Zacko, but Lehman didn't acquire AXP.  AXP bought Shearson Loeb Rhodes in 1981, then bought Lehman in 1984 (when it also bought IDS).  



Yup, I got to Lehman just after the merger. When Hutton was acquired, the "crown jewel" of Hutton was the asset management business, headed by Len Rheinhart (who later started Lockwood).


If you ever run into an ex-Hutton broker, ask them if (hypothetically) Hutton were to be resurrected, would they be willing to leave their current firm to rejoin them? I can nearly guarantee most would say yes in a heartbeat. Where many brokerage firms throw the term "entrepreneurial" around when describing how they run their business, Hutton really walked the talk.