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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] |
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services ( fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Trader
A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an investor, agent, hedger, arbitrageur, speculator, or stockbroker. Such equity trading in large publicly traded companies may be through a stock exchange. Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets or in some instances in equity crowdfunding platforms. Stock traders can trade on their own account, called proprietary trading, or through an agent authorized to buy and sell on the owner’s behalf. Trading through an agent is usually through a stockbroker. Agents are paid a commission for performing the trade. Major stock exchanges have market makers who help limit price variation ( volatility) by buying and selling a particular company's shares on their own behalf and also on behalf of other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in China's Jiangling Motors. It also has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand ( AutoAlliance Thailand), and Turkey ( Ford Otosan). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Erwin Wilson
Charles Erwin Wilson (July 18, 1890 – September 26, 1961) was an American engineer and businessman who served as United States Secretary of Defense from 1953 to 1957 under President Dwight D. Eisenhower. Known as "Engine Charlie", he was previously the president and chief executive officer of General Motors. In the wake of the Korean War, he cut the defense budget significantly. Early life and career Wilson was born in Minerva, Ohio, the son of Thomas E. and Rosalind (née Unkefer) Wilson. After earning a degree in electrical engineering from the Carnegie Institute of Technology in 1909, he joined the Westinghouse Electric Company in Pittsburgh, where eventually he supervised the engineering of automobile electrical equipment, and during World War I, the development of dynamotors and radio generators for the Army and Navy. Wilson married Jessie Ann Curtis on September 11, 1912. They had five children. General Motors career In 1919, Wilson became chief engineer and sales mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald M
Donald is a masculine given name derived from the Gaelic name ''Dòmhnall''.. This comes from the Proto-Celtic *''Dumno-ualos'' ("world-ruler" or "world-wielder"). The final -''d'' in ''Donald'' is partly derived from a misinterpretation of the Gaelic pronunciation by English speakers, and partly associated with the spelling of similar-sounding Germanic names, such as ''Ronald''. A short form of ''Donald'' is ''Don''. Pet forms of ''Donald'' include ''Donnie'' and ''Donny''. The feminine given name ''Donella'' is derived from ''Donald''. ''Donald'' has cognates in other Celtic languages: Modern Irish ''Dónal'' (anglicised as ''Donal'' and ''Donall'');. Scottish Gaelic ''Dòmhnall'', ''Domhnull'' and ''Dòmhnull''; Welsh '' Dyfnwal'' and Cumbric ''Dumnagual''. Although the feminine given name ''Donna'' is sometimes used as a feminine form of ''Donald'', the names are not etymologically related. Variations Kings and noblemen Domnall or Domhnall is the name of many ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Production Board
The War Production Board (WPB) was an agency of the United States government that supervised war production during World War II. President Franklin D. Roosevelt established it in January 1942, with Executive Order 9024. The WPB replaced the Supply Priorities and Allocations Board and the Office of Production Management. The WPB directed conversion of companies engaged in activities relevant to war from peacetime work to war needs, allocated scarce materials, established priorities in the distribution of materials and services, and prohibited nonessential production. It rationed such commodities as gasoline, heating oil, metals, rubber, paper, and plastics. It was dissolved shortly after the Surrender of Japan, defeat of Japan in 1945 and was replaced by the Civilian Production Administration in late 1945. In 1942–1945, WPB supervised the production of $183 billion (equivalent to $ in ) worth of weapons and supplies, about 40 percent of the world output of munitions. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. Major federal programs agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA). They provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt. The programs focused on what historians refer to as the "3 R's": relief for the unemployed and for the poor, recovery of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1932 United States Presidential Election
The 1932 United States presidential election was the 37th quadrennial presidential election, held on Tuesday, November 8, 1932. The election took place against the backdrop of the Great Depression. Incumbent Republican President Herbert Hoover was defeated in a landslide by Democrat Franklin D. Roosevelt, the Governor of New York and the vice presidential nominee of the 1920 presidential election. Roosevelt was the first Democrat in 80 years to simultaneously win an outright majority of the electoral college and popular vote, a feat last accomplished by Franklin Pierce in 1852, as well as the first Democrat in 50 years to win a majority of the popular vote, which was last done by Samuel J. Tilden in 1876. Hoover was the last incumbent president to lose an election to another term until Gerald Ford lost 44 years later. The election marked the effective end of the Fourth Party System, which had been dominated by Republicans. Despite disastrous economic conditions due to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin D
Franklin may refer to: People * Franklin (given name) * Franklin (surname) * Franklin (class), a member of a historical English social class Places Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, an unincorporated community in the Rural Municipality of Rosedale, Manitoba * Franklin Glacier Complex, a volcano in southwestern British Columbia * Franklin Range, a mountain range on Vancouver Island, British Columbia * Franklin River (Vancouver Island), British Columbia * Franklin Strai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waddill Catchings
Waddill Catchings (September 6, 1879 – December 31, 1967) was an American economist who collaborated with his Harvard classmate William Trufant Foster in a series of economics books that were highly influential in the United States in the 1920s. His influential books, written with Foster, were ''Money'' (1923), ''Profits'' (1925), ''Business Without a Buyer'' (1927), ''The Road to Plenty'' (1928), and ''Progress and Plenty'' (1930). The books influenced many policy makers, including Herbert Hoover and Marriner Eccles. Catchings graduated from Harvard. Life and career He was a leading banker and financier in the 1910s and 1920s, making (and losing) a fortune of over $250 million. By 1931 he had nearly bankrupted his employer, Goldman Sachs, through his formation of the Goldman Sachs Trading Company and its floating of the Shenandoah & Blue Ridge investment trusts, controlled by Harrison Williams. Catchings was a director of major corporations in diverse fields, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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