Henry Goldman

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Henry Goldman
Born (1857-09-21)September 21, 1857
Died April 4, 1937(1937-04-04) (aged 79)
Nationality American
Spouse(s) Babette Kaufman (m. 1890)

Henry Goldman (September 21, 1857 – April 4, 1937) was an American banker, son of Marcus Goldman. He was instrumental in the making of the financial conglomerate Goldman Sachs in the early twentieth century. An innovative banker, he helped list retail companies like Sears and Woolworth, despite the firms' shortage of assets. In 1911, when the firm joined with Lehman Brothers in refinancing and incorporating Studebaker, Henry served with great dedication on the automaker's executive committee.[1]:pp.26, 77

Goldman broke with his main partner Samuel Sachs and the bank during World War I. Goldman supported the Germans, even after America entered the war in 1917, and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by J. P. Morgan.[2] The rest of Goldman's colleagues supported the allies. In the early 1930s Goldman, a very wealthy man, moved to Germany to express his sympathy to the country. As a Jew, Goldman just escaped the Holocaust and returned to the United States in 1936, much of his fortune having been seized by the Nazis.[3]:p.15

See also

References

  1. ↑ Erskine A R History of the Studebaker Corporation, South Bend 1918 (free download at Google Books)
  2. ↑ Ellis, Charles D.Building an Empire, One Goldman Brick at a Time Review of J. B. Fisher's book, at Bloomberg Businessweek, 13 May 2010
  3. ↑ Ellis, Charles D. The Partnership: The Making of Goldman Sachs The Penguin Press (2008)

Further reading

  • Alef, Daniel (2010). Henry Goldman: Goldman Sachs and the Beginning of Investment Banking. Titans of Fortune. ISBN 1608043169. 
  • Fisher, June Breton (2010). When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street. Palgrave MacMillan. 
  • C-SPAN BookTV, author presents When Money Was in Fashion
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