After 25 years of service, Lee retired from his positions as a General Partner of Goldman, Sachs & Co. and as Chairman and Chief Executive Officer of Goldman Sachs Asset Management at the end of 1991 in order to organize a private investment partnership, under the direction of Omega Advisors, Inc.
At Goldman Sachs, Lee spent 15 years as Partner and from 1990 to 1991, as Of Counsel to the Management Committee. In 1989, he became Chairman and Chief Executive Officer of Goldman Sachs Asset Management and was Chief Investment Officer of the equity product line including managing the GS Capital Growth Fund, an open-end mutual fund, for one and one-half years. Prior to those appointments, Lee spent 22 years in the Investment Research Department as Partner-in-charge, Co-Chairman of the Investment Policy Committee and Chairman of the Stock Selection Committee. For nine consecutive years, Lee was voted the number one portfolio strategist in the Institutional Investor All-America Research Team survey.
As a designated Chartered Financial Analyst, Lee is a senior member and past President of the New York Society of Security Analysts. Lee is a member of the Board of Directors and Chair of the Audit Committee of Automatic Data Processing, Inc., a Trustee of Saint Barnabas Hospital, and Chairman of the Saint Barnabas Development Foundation, a member of the Board of Overseers of the Columbia University Graduate School of Business, a member of the Board of Directors of the Damon Runyon Cancer Research Foundation, a Trustee of New Jersey Performing Arts Center and Board Chairman of Green Spaces, a committee organized to rebuild 13 parks in Newark, NJ.
Lee received his MBA from Columbia University and his undergraduate degree from Hunter College. He is a recipient of Roger Williams University’s Honorary Doctor of Finance and a recipient of Hunter Collegeís Honorary Doctorate of Humane Letters, was inducted to Hunter College’s Hall of Fame, is a recipient of the 2003 American Jewish Committee Humanitarian Award, the 2006 Seton Hall Humanitarian of the Year Award, the 2009 Boys & Girls Clubs of Newark Award for Caring, and the 2009 UJA-Federation of New Yorkís Wall Street and Financial Services Division Lifetime Achievement Award. He and his wife Toby have two sons and three grandchildren.