He received a Ph.D. in theoretical physics from Caltech in 1974, with Kip S. Thorne as his advisor, with a minor in economics.
Lee, also a certified public accountant, started his business career at Arthur Andersen & Co. in Los Angeles in 1975.
Lee left TRW in late 1989 to join Pacific Capital Group, where he facilitated the firm's expansion into the telecommunications industry.
He co-founded the transcontinental telecommunications firm Global Crossing in 1997 and served as its president and chief operating officer until early 2000, when he left to launch Clarity Partners with Barry Porter, Steve Rader and R. Rudolph Reinfrank.
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