Herbert "Bart" H. McDade III is an American businessman who was the President and COO of Lehman Brothers at the time of its bankruptcy.
[1] As of April 2010[update], he was married to Martha McDade, a civil engineer working in sustainable architecture.
[3] On June 12, 2008, Lehman chief operating officer Joseph M. Gregory was removed from his position shortly after it was announced Lehman would post an unexpectedly large second-quarter loss of nearly US$3 billion (equivalent to about $4.2B in 2023).
As part of the reshuffling, McDade was named COO and President.
[4] Lehman Brothers filed for bankruptcy protection three months later, on September 15, 2008.