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Lehman Brothers acknowledges past ties to slavery under Chicago ordinance.

The America's Intelligence Wire

| November 25, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AP Online)

Lehman Brothers has become the first contractor with the city of Chicago to acknowledge past ties to slavery under a law requiring the disclosure.

An affidavit filed by the financial services firm said that the three brothers who founded the company bought at least one female slave, and "may have personally owned other slaves."

In October 2002, the Chicago City Council passed a groundbreaking ordinance dictating that companies working with the city disclose whether they ever profited from slavery.

New York-based Lehman Brothers made the disclosure in connection with its role as co-manager of a $145 million O'Hare Airport …

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