Career
After a brief stint at Citibank, he joined Smith Barney in 1978, moving to Lehman Brothers in 1981. Shortly after Lehman was bought by American Express in 1985, he moved to Drexel as a managing director.
Levine spent most of his career as a specialist in mergers and acquisitions. He was known as a good researcher with a voracious appetite for information. He soon became a major player in the M&A field, and played key role in two of the more notable hostile takeovers of the 1980s--James Goldsmith's takeover of Crown Zellerbach and Ron Perelman's takeover of Revlon. It was very common to see him on a telephone with an extra-long cord while hunched over a Quotron, checking out signs of possible deals.
In 1991, Levine wrote a book about his experiences, Inside Out—an Insiders Account of Wall Street. He accepted full responsibility for his actions and claimed the vast majority of professionals on Wall Street followed the rules. In his lectures to students since then, he acknowledges his mistakes, stresses the importance of ethical standards to young professionals through his real-life experiences and has heightened awareness for ethical education programs at universities.
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