|
Samuel Sachs
Samuel Sachs (; July 28, 1851 – March 2, 1935) was an American investment banker. Early life Samuel Sachs was born on July 28, 1851 in Maryland, the son of Sophie (née Baer) and Joseph Sachs, both Jewish immigrants from Bavaria, Germany. He had one older sibling, Julius Sachs, and three younger siblings, Emily Sachs, Henry Sachs, and Bernard Sachs. Career 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. 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. Philanthropy Sachs donate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maryland
Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to its east. Baltimore is the largest city in the state, and the capital is Annapolis. Among its occasional nicknames are '' Old Line State'', the ''Free State'', and the '' Chesapeake Bay State''. It is named after Henrietta Maria, the French-born queen of England, Scotland, and Ireland, who was known then in England as Mary. Before its coastline was explored by Europeans in the 16th century, Maryland was inhabited by several groups of Native Americans – mostly by Algonquian peoples and, to a lesser degree, Iroquoian and Siouan. As one of the original Thirteen Colonies of England, Maryland was founded by George Calvert, 1st Baron Baltimore, a Catholic convert"George Calvert and Cecilius Calvert, Barons Baltimore" William Hand Browne, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears, Roebuck And Company
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1935 Deaths
Events January * January 7 – Italian premier Benito Mussolini and French Foreign Minister Pierre Laval conclude an agreement, in which each power agrees not to oppose the other's colonial claims. * January 12 – Amelia Earhart becomes the first person to successfully complete a solo flight from Hawaii to California, a distance of 2,408 miles. * January 13 – A plebiscite in the Territory of the Saar Basin shows that 90.3% of those voting wish to join Germany. * January 24 – The first canned beer is sold in Richmond, Virginia, United States, by Gottfried Krueger Brewing Company. February * February 6 – Parker Brothers begins selling the board game Monopoly in the United States. * February 13 – Richard Hauptmann is convicted and sentenced to death for the kidnapping and murder of Charles Lindbergh Jr. in the United States. * February 15 – The discovery and clinical development of Prontosil, the first broadly effective antibiotic, is published in a se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1851 Births
Events January–March * January 11 – Hong Xiuquan officially begins the Taiping Rebellion. * January 15 – Christian Female College, modern-day Columbia College, receives its charter from the Missouri General Assembly. * January 23 – The flip of a coin, subsequently named Portland Penny, determines whether a new city in the Oregon Territory is named after Boston, Massachusetts, or Portland, Maine, with Portland winning. * January 28 – Northwestern University is founded in Illinois. * February 1 – ''Brandtaucher'', the oldest surviving submersible craft, sinks during acceptance trials in the German port of Kiel, but the designer, Wilhelm Bauer, and the two crew escape successfully. * February 6 – Black Thursday in Australia: Bushfires sweep across the state of Victoria, burning about a quarter of its area. * February 12 – Edward Hargraves claims to have found gold in Australia. * February 15 – In Boston, Massachusetts, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sidney Weinberg
Sidney James Weinberg (October 12, 1891 – July 23, 1969) was a long-time leader of the Wall Street firm Goldman Sachs, nicknamed “Mr. Wall Street” by ''The New York Times''Whitman, Alden"Sidney J. Weinberg, Known as 'Mr. Wall Street,' Is Dead at 77" ''The New York Times'', July 24, 1969, p. 1. and "director's director" by ''Fortune'' magazine. In a rags-to-riches story, he rose from a janitor's assistant, making $3/week, to CEO.Malcolm Gladwell"The Uses of Adversity" ''The New Yorker'', November 10, 2008. Early life Weinberg's background contrasted sharply with that of the traditional Ivy League Wall Streeter. Weinberg was one of eleven children of a Jewish immigrant wholesale liquor dealer. His family were active members of Congregation Baith Israel Anshei Emes in Brooklyn, joining when the synagogue was on Boerum Place, and remaining with it when it moved to Cobble Hill. Sidney's mother, Sophie, was sisterhood president from 1912 to 1913, his father, Pincus, served as pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chair (official)
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman–Sachs Family
The Goldman–Sachs family is a family of Ashkenazi Jewish descent known for the leading investment bank Goldman Sachs. Marcus Goldman, while attending classes at the synagogue in Würzburg, met Joseph Sachs, who would become his lifelong friend. Marcus Goldman's youngest daughter, Louisa, married Samuel Sachs, the son of Joseph Sachs, fellow Lower Franconia, Bavaria immigrant. Louisa's older sister and Sam's older brother had already married. His oldest son, Julius Goldman, married Sarah Adler, daughter of Samuel Adler. In 1882, Goldman invited his son-in-law Samuel to join him in the business and changed the firm's name to ''M. Goldman and Sachs''. For almost fifty years, all the partners came from the extended family. Family tree *Marcus Goldman (1821–1904), founder of Goldman Sachs, married to Bertha Goldman **Rebecca Goldman Dreyfuss (1851–?), married to Ludwig Dreyfuss ( 1840s–1918) **Julius Goldman (1852–1909) married to Sarah Adler Goldman, daughter of Samue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Pierre
The Pierre is a luxury hotel located at 2 East 61st Street, at the intersection of that street with Fifth Avenue, in Manhattan, New York City, facing Central Park. Designed by Schultze & Weaver, the hotel opened in 1930 with 100+ employees, now with over a thousand. In 2005, the hotel was acquired by Taj Hotels Resorts and Palaces of India. Standing tall, it is located within the Upper East Side Historic District as designated in 1981 by the New York City Landmarks Preservation Commission. History Charles Pierre Casalasco left his father's restaurant in Ajaccio, Corsica, where he had started as a busboy, assumed Charles Pierre as his full professional name, and began work at the Hotel Anglais in Monte Carlo. Charles Pierre went on to study ''haute cuisine'' in Paris, and he later traveled to London where he met the American restaurateur, Louis Sherry, who offered him a position. After Pierre arrived in New York as a 25-year-old immigrant, he made his first mark as first as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Jews
The history of the Jews in Germany goes back at least to the year 321, and continued through the Early Middle Ages (5th to 10th centuries CE) and High Middle Ages (''circa'' 1000–1299 CE) when Jewish immigrants founded the Ashkenazi Jewish community. The community survived under Charlemagne, but suffered during the Crusades. Accusations of well poisoning during the Black Death (1346–53) led to mass slaughter of German Jews and they fled in large numbers to Poland. The Jewish communities of the cities of Mainz, Speyer and Worms became the center of Jewish life during medieval times. "This was a golden age as area bishops protected the Jews resulting in increased trade and prosperity." The First Crusade began an era of persecution of Jews in Germany. Entire communities, like those of Trier, Worms, Mainz and Cologne, were slaughtered. The Hussite Wars became the signal for renewed persecution of Jews. The end of the 15th century was a period of religious hatred that ascribed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newspapers
A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sports and art, and often include materials such as opinion columns, weather forecasts, reviews of local services, obituaries, birth notices, crosswords, editorial cartoons, comic strips, and advice columns. Most newspapers are businesses, and they pay their expenses with a mixture of subscription revenue, newsstand sales, and advertising revenue. The journalism organizations that publish newspapers are themselves often metonymically called newspapers. Newspapers have traditionally been published in print (usually on cheap, low-grade paper called newsprint). However, today most newspapers are also published on websites as online newspapers, and some have even abandoned their print versions entirely. Newspapers developed in the 17th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convertible Bond
In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering. Convertible bonds are most often issued by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give fixed or floating interest rate as they do in common bonds for the funds of investor. To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the potenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
