FIRST OF MICHIGAN MAY BE SEEING A LIGHT AT THE END OF THE TUNNEL: DETROIT BROKERAGE HAS FACED ONCOMING TRAIN MORE THAN ONCE
When Wall Street veteran Albert "Bud" Lowenthal emerged as the buyer of Detroit's First of Michigan Capital Corp.
When Wall Street veteran Albert "Bud" Lowenthal emerged as the buyer of Detroit's First of Michigan Capital Corp. last June, he was viewed as a savior.
Brokers thought the offer by Mr. Lowenthal, chairman and chief executive officer of Fahnestock & Co., would end years of CEO turnover and boardroom
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