"foundation" meets

That is, the Lehman Foundation met at 30th Street Station in Philadelphia today. That's it--Mel, left, me and Milton.

The minutes of our annual meeting are not public, but I think I could divulge that in the 32 years of its existence, this is the first year the balance fell. Not as far as Wall Street, but by a few points.

This is also the first year we split our benevolences two ways. One to a population concern group and one to a prison reform group.

You have to understand that we are talking about three brothers who want a day out. Some brothers go fishing. We pretend we are a foundation. The money is real--a little bit more real than Monopoly money.

The Phillies were tossing around a baseball and practicing for a world series game as we met. It was purely an after-thought to me that baseball was not mentioned once. We ate lunch and held our annual session in the food court.