Samuel Sachs
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Samuel Sachs was born in Maryland in 1851. His parents were Jewish immigrants from Bavaria, Germany. Sachs along with his longtime friend Philip Lehman of Lehman Brothers pioneered the issuing of stock as a way for new companies to raise funds. He married Louisa Goldman, the youngest daughter of close friends and fellow Bavarian immigrants [1], who had already seen their older child wed as well. Sachs then joined his father-in-law Marcus Goldman's firm which prompted the name change to Goldman Sachs in 1904. Together they underwrote securities offerings for such large firms as Sears, Roebuck and Company. During this time Goldman Sachs also diversified to become involved in other major securities markets, like the over-the-counter, bond, and convertibles markets which are still a big part of the company's revenue today. Sachs retired in 1928 and died in 1935.
