- Sidney Weinberg
Infobox Person
name = Sidney Weinberg
caption =
birth_date = birth date|1891|10|12
birth_place =
death_date = death date and age|1969|7|23|1891|10|12
death_place =
other_names =
known_for =
occupation = Investment banker
employer =Goldman Sachs
nationality = flag|United StatesSidney James Weinberg (October 12, 1891 - July 23, 1969) was a long-time leader of the
Wall Street firmGoldman Sachs , nicknamed “Mr. Wall Street” by "The New York Times ". [cite news |first=Alden |last=Whitman |authorlink= |coauthors= |title=Sidney J. Weinberg, Known as 'Mr. Wall Street,' Is Dead at 77 |url=http://select.nytimes.com/gst/abstract.html?res=F20F10FC3C5D1A7B93C6AB178CD85F4D8685F9 |work=New York Times |publisher= |date=1969-07-24 |accessdate= ] In arags-to-riches story, he rose from janitor toCEO .Early life
Weinberg's background contrasted sharply with that of the traditional Ivy League Wall Streeter. Weinberg was one of eleven children of a wholesale liquor dealer and never got farther than P.S. 13. His family were active members of
Congregation Baith Israel Anshei Emes inBrooklyn , joining when thesynagogue was on Beorum Place, and remaining with it when it moved toCobble Hill . Sidney's mother, Sophie, was sisterhood president from 1912 to 1913, his father, Pincus, served as president from 1919 to 1921, and the children all attended the Sunday school andTalmud Torah . Sidney married Helen W. Livingston there in 1920.Barton, Evan. [http://www.brooklyneagle.com/archive/category.php?category_id=27&id=6493 "Brooklyn’s Oldest Synagogue Celebrates Its 150th Anniversary"] , "Brooklyn Eagle ", June 22, 2006.] Levin, Carol. PDFlink| [http://www.kanestreet.org/images_hj/1102The_Weinberg_Family.pdf "The Weinberg Family: Leaders during the Synagogue’s Golden Age"] |77.1 KB, " [http://www.kanestreet.org/historical_journal_archives.html The Synagogue Journal] ", Kane Street Synagogue, [http://www.kanestreet.org/historical_journal11.html Issue 11] , March 17, 2006.]Career at Goldman Sachs
Weinberg started with Goldman Sachs as a $3-a-week porter's assistant. After a
World War I stint in theNavy , he became a securities trader . He became a Goldman Sachspartner in 1927 and helped run the investment trusts, including Goldman, Sachs Trading Corp. The share price fell from $232 to $2 after theWall Street Crash of 1929 . Weinberg became head of the firm in 1930, saving it from bankruptcy, and held that position until his death in 1969.Family
Weinberg had two children, John Livingston Weinberg and Sidney J. "Jim" Weinberg, Jr.
Notes
External links
* [http://www2.goldmansachs.com/our_firm/our_culture/corporate_citizenship/gmi/articles/gmi_040928163235.html Biography on Goldman Sachs Website]
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